Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Estonia
RGDPLPEEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,017.47
Year-over-Year Change
73.77%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for Estonia, providing a standardized metric to compare economic output across countries.
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 price levels between countries, allowing for more accurate comparisons of living standards and economic development. It is a widely used indicator for evaluating a country's economic performance and standard of living.
Methodology
The data is calculated based on growth rates of consumption, government consumption, and investment.
Historical Context
This trend is valuable for policymakers, economists, and investors analyzing Estonia's economic growth and development.
Key Facts
- Estonia's PPP-adjusted GDP per capita was $33,910 in 2021.
- The metric has grown by an average of 3.5% annually over the past decade.
- Estonia's PPP-adjusted GDP per capita is about 75% of the EU average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Estonia, providing a standardized metric to compare the country's economic output and living standards to other nations.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a widely used indicator for evaluating a country's economic performance and standard of living, allowing for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated based on growth rates of consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This trend is valuable for policymakers, economists, and investors analyzing Estonia's economic growth and development relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated regularly, but may have some lag compared to the latest economic conditions.
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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 Estonia (RGDPLPEEA625NUPN), retrieved from FRED.