Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Croatia
PPCGDPHRA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,125.29
Year-over-Year Change
86.45%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Croatia, using the Geary-Khamis (G-K) method at current prices. It provides insights into the relative economic well-being of Croatia's population.
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
Purchasing power parity (PPP) GDP per capita is an important indicator that adjusts a country's GDP per capita to account for differences in the cost of living and purchasing power across countries. The G-K method is a widely used PPP calculation approach that facilitates international comparisons of economic activity.
Methodology
The data is collected and calculated by the World Bank using national accounts and price survey information.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess the relative prosperity and standard of living in Croatia.
Key Facts
- Croatia's GDP per capita based on PPP was $27,686 in 2021.
- Croatia's PPP-adjusted GDP per capita is around 60% of the OECD average.
- PPP adjustments account for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Croatia, using the Geary-Khamis (G-K) method at current prices. It provides insights into the relative economic well-being of Croatia's population.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess the relative prosperity and standard of living in Croatia compared to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and international organizations to evaluate Croatia's economic performance and living standards relative to other countries, informing policy decisions and economic analysis.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication lags and revisions associated with national accounts information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Croatia (PPCGDPHRA620NUPN), retrieved from FRED.