Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Germany
PC2GDPDEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,310.79
Year-over-Year Change
51.04%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Germany, a key indicator of economic development and living standards.
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 adjusts the standard GDP per capita measure to account for differences in price levels across countries, providing a more accurate comparison of real purchasing power and living standards.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method to convert national GDP per capita to a common international currency.
Historical Context
This indicator is widely used by economists, policymakers, and international organizations to assess and compare the economic performance and living standards of different countries.
Key Facts
- Germany's PPP-converted GDP per capita was $54,206 in 2021.
- This measure has grown by over 50% since 2000.
- Germany ranks among the top 20 countries globally by this metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Germany, which adjusts the standard GDP per capita to account for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a more accurate comparison of real living standards and economic development across countries, making it a widely used metric by economists, policymakers, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method to convert national GDP per capita to a common international currency.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess and compare the economic performance and living standards of different countries, informing policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of several months before the latest figures are released.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Germany (PC2GDPDEA620NUPN), retrieved from FRED.