Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Finland
RGDPLPFIA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,991.91
Year-over-Year Change
23.93%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures Finland's purchasing power parity (PPP) converted gross domestic product (GDP) per capita, derived from growth rates of consumption, government consumption, and investment.
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 trend provides a standardized metric for comparing economic productivity and standards of living across countries. It accounts for differences in price levels to give a more accurate picture of relative purchasing power.
Methodology
The data is calculated by the World Bank using the Laspeyres method to derive real GDP from component growth rates.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic development and make cross-country comparisons.
Key Facts
- Finland's PPP-converted GDP per capita was $51,176 in 2021.
- This metric has grown at an average annual rate of 2.2% over the past decade.
- Finland ranks 15th globally in PPP-converted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Finland's gross domestic product (GDP) per capita, adjusted for differences in purchasing power across countries using the Laspeyres method.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita provides a standardized metric for comparing economic productivity and living standards internationally, accounting for price level differences.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method to derive real GDP from component growth rates.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic development and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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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 Finland (RGDPLPFIA625NUPN), retrieved from FRED.