Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Poland
RGDPLPPLA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,700.90
Year-over-Year Change
61.44%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted GDP per capita for Poland, 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 purchasing power across countries, providing a more accurate comparison of living standards and economic development. This series is a useful tool for economists and policymakers analyzing Poland's economic performance and competitiveness.
Methodology
The data is calculated by the World Bank using growth rates of key economic components.
Historical Context
This metric informs decision-making around trade, investment, and macroeconomic policies.
Key Facts
- Poland's PPP-adjusted GDP per capita was $33,957 in 2021.
- This metric has grown at an average annual rate of 4.2% over the past decade.
- PPP adjustment accounts for differences in relative prices across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Poland's GDP per capita adjusted for differences in purchasing power, providing a more accurate comparison of living standards and economic development.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers analyzing Poland's economic performance, competitiveness, and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of key economic components like consumption, government spending, and investment.
Q: How is this trend used in economic policy?
A: This PPP-adjusted GDP per capita metric informs decision-making around trade, investment, and macroeconomic policies in Poland and internationally.
Q: Are there update delays or limitations?
A: There can be a 1-2 year lag in data availability, and the PPP adjustment may not fully capture all regional price differences.
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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 Poland (RGDPLPPLA625NUPN), retrieved from FRED.