Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Greece
RGDPLPGRA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,225.52
Year-over-Year Change
28.87%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic trend measures Greece's purchasing power parity (PPP) adjusted GDP per capita, which is derived from growth rates of consumption, government consumption, and investment. It provides insights into Greece's economic development and living standards relative to other 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 across countries, allowing for more accurate comparisons of living standards and economic well-being. This data series is a useful indicator for policymakers and analysts assessing Greece's economic performance and growth trajectory.
Methodology
The data is calculated based on growth rates of key national accounts components.
Historical Context
This metric is widely used by international organizations, economists, and policymakers to evaluate economic development and make cross-country comparisons.
Key Facts
- Greece's PPP-adjusted GDP per capita was $27,785 in 2021.
- This metric has grown at an average annual rate of 0.5% over the past decade.
- Greece's PPP-adjusted GDP per capita is around 70% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures Greece's purchasing power parity (PPP) adjusted GDP per capita, which provides a more accurate comparison of living standards and economic well-being across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and international organizations to evaluate Greece's economic performance and development relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated based on growth rates of key national accounts components, including consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This PPP-adjusted GDP per capita metric is a valuable tool for assessing Greece's economic progress and informing policy decisions aimed at promoting sustainable growth and improving living standards.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as it relies on national accounts components that are published on a periodic basis.
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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 Greece (RGDPLPGRA625NUPN), retrieved from FRED.