Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Lithuania
RGDPLPLTA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,136.06
Year-over-Year Change
62.34%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic indicator measures Lithuania's real GDP per capita adjusted for purchasing power parity. It provides insights into the country's economic development and living standards relative to other nations.
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) series adjusts Lithuania's gross domestic product per capita to account for differences in the cost of living across countries. This allows for more accurate comparisons of material well-being and economic progress.
Methodology
The data is calculated based on growth rates of consumption, government consumption, and investment.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards.
Key Facts
- Lithuania's GDP per capita based on purchasing power parity was $34,501 in 2021.
- Lithuania's GDP per capita has grown by over 60% since 2010.
- Lithuania ranks 34th globally in terms of purchasing power parity adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Lithuania's real GDP per capita adjusted for differences in purchasing power across countries. It provides a more accurate assessment of the country's economic development and living standards.
Q: Why is this trend relevant for users or analysts?
A: Purchasing power parity-adjusted GDP per capita is a crucial metric for evaluating and comparing the economic performance and living standards of different countries.
Q: How is this data collected or calculated?
A: The data is calculated based on growth rates of consumption, government consumption, and investment in Lithuania.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic progress and inform policy decisions related to economic development and living standards.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be a lag in the availability of the most recent figures.
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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 Lithuania (RGDPLPLTA625NUPN), retrieved from FRED.