Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Russia
RGDPLPRUA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,062.24
Year-over-Year Change
103.45%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures Russia's Purchasing Power Parity (PPP) Converted GDP Per Capita, derived from growth rates of Consumption, Government Consumption, and Investment. It provides insight into Russia's economic development and standard of living.
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 (Laspeyres) trend adjusts Russia's GDP per capita for differences in purchasing power across countries, allowing for more accurate international comparisons. It is a key metric for evaluating economic progress and living standards.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula based on relative price levels and real growth rates.
Historical Context
This metric is widely used by economists, policymakers, and investors to assess Russia's economic performance and competitiveness.
Key Facts
- Russia's PPP Converted GDP Per Capita was $27,713 in 2021.
- Russia's PPP Converted GDP Per Capita has grown by 22% over the past decade.
- PPP adjustments account for differences in the cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Russia's Purchasing Power Parity (PPP) Converted GDP Per Capita, which adjusts the country's GDP per capita to account for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic development across countries than nominal GDP per capita, making it a valuable tool for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula based on relative price levels and real growth rates.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, international institutions, and investors to assess Russia's economic performance, competitiveness, and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and may be subject to revisions as more information becomes available.
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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 Russia (RGDPLPRUA625NUPN), retrieved from FRED.