Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Japan
RGDPLPJPA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,453.08
Year-over-Year Change
7.71%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted gross domestic product per capita for Japan, derived from growth rates of consumption, government consumption, and investment. It provides insights into the real economic well-being and productivity of the Japanese population.
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 (PPP) converted GDP per capita metric adjusts for differences in price levels across countries, allowing for more accurate international comparisons of living standards and economic output. This data series uses the Laspeyres method to calculate the PPP-adjusted GDP per capita figure for Japan.
Methodology
The data is calculated by the U.S. Federal Reserve using growth rates of key economic components.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess the relative economic performance and development of Japan.
Key Facts
- Japan's PPP-adjusted GDP per capita was $41,637 in 2021.
- The PPP conversion factor accounts for cost-of-living differences across countries.
- This metric is a key indicator of economic development and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Japan. It adjusts the GDP per capita figure to account for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a crucial metric for comparing the relative economic well-being and productivity of populations across different countries, providing a more accurate picture than unadjusted GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using growth rates of key economic components, including consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this metric to assess the relative economic performance and development of Japan, informing decisions related to trade, investment, and economic cooperation.
Q: Are there update delays or limitations?
A: The data is subject to the availability of the underlying economic growth rate information, which may result in occasional update delays. The PPP conversion factors used can also be influenced by methodological changes over time.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Trinidad and Tobago
RGDPL2TTA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Kenya
RGDPCHKEA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Austria
RGDPL2ATA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Gabon
RGDPLPGAA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Chile
RGDPL2CLA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Mauritius
RGDPLPMUA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Japan (RGDPLPJPA625NUPN), retrieved from FRED.