Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Chile
RGDPLPCLA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,526.56
Year-over-Year Change
36.52%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic trend measures Chile's purchasing power parity (PPP) converted gross domestic product (GDP) per capita, derived from growth rates of consumption, government spending, and investment. It provides insights into the country's economic development and living standards.
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 adjusts for differences in purchasing power across countries, offering a more accurate comparison of living standards. This trend is a valuable indicator for economists and policymakers to evaluate Chile's economic progress and living conditions relative to other nations.
Methodology
The data is calculated by the U.S. Federal Reserve using growth rates of key GDP components.
Historical Context
This metric is widely used by international organizations, governments, and analysts to assess economic performance and guide policy decisions.
Key Facts
- Chile's PPP-converted GDP per capita was $25,767 in 2021.
- This metric has grown by an average of 3.4% annually over the past decade.
- Chile ranks 44th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Chile's purchasing power parity (PPP) converted gross domestic product (GDP) per capita, adjusted for differences in living costs across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic development in Chile relative to other nations, making it a valuable indicator for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this trend using growth rates of key GDP components, including consumption, government spending, and investment.
Q: How is this trend used in economic policy?
A: Governments, international organizations, and analysts use this PPP-adjusted GDP per capita metric to assess Chile's economic performance and guide policy decisions related to economic development, living standards, and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical figures as underlying GDP components are updated.
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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 Chile (RGDPLPCLA625NUPN), retrieved from FRED.