Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Thailand
PCDGDPTHA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,613.15
Year-over-Year Change
107.03%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted domestic absorption per capita in Thailand, providing insights into the country's standard of living and economic well-being.
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 Purchasing Power Parity Converted Domestic Absorption Per Capita metric offers a comprehensive view of Thailand's economic performance by accounting for both domestic production and consumption at the individual level, adjusted for differences in purchasing power across countries.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using a complex methodology involving multiple price and exchange rate adjustments.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to compare living standards and make informed decisions about economic policies and development strategies.
Key Facts
- Thailand's Purchasing Power Parity Converted Domestic Absorption Per Capita was $16,463 in 2020.
- This metric has grown by an average of 3.5% per year over the past decade.
- Thailand ranks 85th globally in terms of Purchasing Power Parity Converted Domestic Absorption Per Capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted domestic absorption per capita in Thailand, which includes both private and government consumption, as well as investment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive understanding of Thailand's standard of living and economic well-being, allowing for comparisons with other countries and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using a complex methodology involving multiple price and exchange rate adjustments to account for differences in purchasing power across countries.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations use this trend to compare living standards, evaluate economic performance, and make informed decisions about policies and development strategies.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with some delays due to the complex calculations involved. There may also be limitations in the availability of underlying data for certain countries or time periods.
Related Trends
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Greece
PCDGDPGRA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Sudan
PPCGDPSDA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Morocco
PPCGDPMAA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Laos
PCDGDPLAA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Argentina
PPCGDPARA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Italy
PC2GDPITA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Thailand (PCDGDPTHA620NUPN), retrieved from FRED.