Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Slovenia
RGDPLPSIA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,901.65
Year-over-Year Change
42.98%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures Slovenia's purchasing power parity (PPP) converted gross domestic product (GDP) per capita, derived from growth rates of consumption, government consumption, and investment. It provides insights into the standard of living and economic productivity of Slovenia.
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 series adjusts the raw GDP figures to account for differences in purchasing power between countries, allowing for more accurate international comparisons. This metric is widely used by economists and policymakers to evaluate a country's economic development and living standards relative to other nations.
Methodology
The data is calculated by the World Bank using the Laspeyres method based on national accounts information.
Historical Context
This trend is relevant for analyzing Slovenia's economic performance and competitiveness within the European Union and globally.
Key Facts
- Slovenia's PPP-adjusted GDP per capita was $33,700 in 2021.
- This metric has grown by an average of 2.4% annually over the past decade.
- Slovenia's PPP GDP per capita is around 85% of the EU average.
FAQs
Q: What does this economic trend measure?
A: This trend measures Slovenia's gross domestic product (GDP) per capita adjusted for purchasing power parity (PPP), which accounts for differences in the cost of living between countries.
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 Slovenia and other countries, making it valuable for economists, policymakers, and investors analyzing Slovenia's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP-adjusted GDP per capita metric to evaluate Slovenia's economic competitiveness, set development goals, and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the World Bank publishes these figures on an annual basis with a lag.
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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 Slovenia (RGDPLPSIA625NUPN), retrieved from FRED.