Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Croatia
RGDPLPHRA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,672.20
Year-over-Year Change
32.78%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Croatia, derived from growth rates of consumption, government consumption, and investment. It provides insights into the standard of living and economic productivity of the country.
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 Purchasing Power Parity Converted GDP Per Capita (Laspeyres) is a measure that adjusts the GDP per capita to account for differences in purchasing power across countries. This allows for more accurate comparisons of living standards and economic output between nations.
Methodology
The data is calculated by the World Bank using the Laspeyres index method to derive growth rates from expenditure components.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess and compare the economic development and living standards of different countries.
Key Facts
- Croatia's Purchasing Power Parity GDP per capita was $27,589 in 2021.
- This metric has grown by an average of 2.3% annually over the past decade.
- PPP-adjusted GDP per capita provides a more accurate picture of living standards than nominal GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Croatia, adjusted to account for differences in prices across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita provides a more accurate comparison of living standards and economic productivity between countries than using nominal GDP per capita alone.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres index method to derive growth rates from expenditure components.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess and compare the economic development and living standards of different countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have publication lags of several months.
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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 Croatia (RGDPLPHRA625NUPN), retrieved from FRED.