Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Luxembourg
RGDPLPLUA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,589.76
Year-over-Year Change
33.44%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Luxembourg, 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 metric adjusts for differences in price levels across countries, allowing for more accurate international comparisons of economic activity and living standards. This data series is a useful tool for economists and policymakers to evaluate Luxembourg's economic performance and development relative to other nations.
Methodology
The data is calculated by the U.S. Federal Reserve using growth rates of key national accounts components.
Historical Context
This metric is widely referenced by international organizations, governments, and analysts to assess economic conditions and formulate policies.
Key Facts
- Luxembourg has one of the highest GDP per capita levels globally.
- The PPP adjustment accounts for cost-of-living differences across countries.
- This metric is a key input for international economic policy analysis.
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 Luxembourg, adjusting for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate international comparisons of economic activity and living standards, making it a valuable tool for economists and policymakers to evaluate Luxembourg's economic performance relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using growth rates of key national accounts components like consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This metric is widely referenced by international organizations, governments, and analysts to assess economic conditions and formulate policies, as it provides a more representative comparison of living standards across countries.
Q: Are there update delays or limitations?
A: There may be delays in data updates and some limitations in the comparability of national accounts components across countries, but the Federal Reserve provides this series as a reliable, standardized measure of economic performance.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Qatar
RGDPLPQAA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Australia
RGDPL2AUA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Laos
RGDPL2LAA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Burundi
RGDPCHBIA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Canada
RGDPCHCAA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Colombia
RGDPLPCOA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Luxembourg (RGDPLPLUA625NUPN), retrieved from FRED.