Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Slovenia
RGDPL2SIA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,094.91
Year-over-Year Change
43.40%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Slovenia, adjusted using Laspeyres index. It provides insights into the country's standard of living and economic productivity relative to other nations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The PPP-converted GDP per capita is a key indicator of a country's economic development and quality of life. It accounts for differences in price levels across countries to better compare living standards and productive capacity.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and inform policy decisions.
Key Facts
- Slovenia's GDP per capita in PPP terms was $35,462 in 2021.
- The country's PPP-adjusted GDP per capita is around 85% of the OECD average.
- Slovenia has seen steady growth in this metric over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures Slovenia's GDP per capita adjusted for purchasing power parity, providing a more accurate comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a key indicator of a country's economic development and quality of life, enabling meaningful cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to evaluate economic performance and inform policy decisions related to living standards and productivity.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may not account for all factors affecting living standards and productivity.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Slovenia (RGDPL2SIA625NUPN), retrieved from FRED.