Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Portugal
RGDPLPPTA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,785.70
Year-over-Year Change
6.79%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Portugal's purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita, derived from growth rates of consumption, government spending, 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 between countries, providing a more accurate comparison of living standards and economic productivity. This data series is a useful indicator of Portugal's economic development and standard of living over time.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula applied to GDP components.
Historical Context
This metric is widely used by economists and policymakers to assess a country's economic performance and progress.
Key Facts
- Portugal's PPP-adjusted GDP per capita was $35,090 in 2021.
- This metric has grown at an average annual rate of 1.5% over the past decade.
- Portugal ranks 34th globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Portugal's purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita, derived from the growth rates of consumption, government spending, and investment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic productivity between countries by accounting for differences in price levels. It is a widely used indicator of a country's economic development and performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula applied to GDP components.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess a country's economic performance and progress, and to make cross-country comparisons of living standards and productivity.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be some 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 Portugal (RGDPLPPTA625NUPN), retrieved from FRED.