Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Uruguay
RGDPLPUYA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,717.63
Year-over-Year Change
28.36%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Uruguay's purchasing power parity (PPP) converted gross domestic product (GDP) per capita based on the Laspeyres method. It provides insight into the country's economic productivity and living standards relative to other nations.
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 more accurate comparisons of living standards. The Laspeyres method uses a fixed basket of goods to calculate this measure over time.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity information.
Historical Context
Economists and policymakers use this trend to evaluate Uruguay's economic development and competitiveness.
Key Facts
- Uruguay's 2021 PPP-adjusted GDP per capita was $23,746.
- This represents a 44% increase from the 2000 level of $16,443.
- Uruguay ranks 57th globally by this metric, ahead of Brazil but behind Argentina.
FAQs
Q: What does this economic trend measure?
A: This trend measures Uruguay's gross domestic product (GDP) per capita adjusted for purchasing power parity (PPP) using the Laspeyres method.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita metric provides a more accurate comparison of living standards across countries by accounting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate Uruguay's economic development and competitiveness relative to other nations.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates from the World Bank with potential lags in availability.
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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 Uruguay (RGDPLPUYA625NUPN), retrieved from FRED.