Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Austria
RGDPLPATA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,585.63
Year-over-Year Change
21.78%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Austria, adjusted using the Laspeyres method. It provides insights into the country's economic productivity and living standards 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 metric accounts for differences in price levels across countries, allowing for more accurate international comparisons of economic output and living standards. The Laspeyres method is used to derive this trend from growth rates of consumption, government consumption, and investment.
Methodology
The data is calculated by the U.S. Federal Reserve using established PPP conversion factors and national accounts data.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to analyze and compare economic performance across countries.
Key Facts
- Austria's PPP-converted GDP per capita was $59,462 in 2021.
- This metric has grown at an average annual rate of 1.7% over the past decade.
- Austria ranks among the top 15 countries globally by this economic indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Austria, adjusted using the Laspeyres method.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of economic output and living standards between Austria and other countries by accounting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using established PPP conversion factors and national accounts data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international institutions to analyze and compare economic performance across countries.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Austria (RGDPLPATA625NUPN), retrieved from FRED.