Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Uruguay
RGDPCHUYA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,717.66
Year-over-Year Change
28.28%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Uruguay. It provides insights into the overall economic well-being and productivity of the Uruguayan 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
The PPP-converted GDP per capita is a metric that adjusts a country's GDP to account for differences in the cost of living, allowing for more accurate cross-country comparisons of economic output and standards of living. This data series tracks the long-term trend in Uruguay's economic development and productivity.
Methodology
The data is calculated by the World Bank using GDP figures and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze a country's economic performance and living standards.
Key Facts
- Uruguay's PPP-converted GDP per capita was $23,302 in 2021.
- Uruguay's GDP per capita has grown by over 60% since 2000.
- Uruguay ranks among the highest in South America for GDP per capita adjusted for purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Uruguay, which adjusts the country's GDP to account for differences in the cost of living.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of economic output and living standards across countries, allowing economists and policymakers to better analyze Uruguay's economic performance and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP figures and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to assess a country's economic performance, productivity, and living standards, informing economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data may have a delay of up to a year or more in availability, as it relies on GDP and PPP calculations by international organizations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Uruguay (RGDPCHUYA625NUPN), retrieved from FRED.