Constant GDP per capita for Austria
NYGDPPCAPKDAUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,562.04
Year-over-Year Change
3.03%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for Austria measures the country's economic output per person, adjusted for inflation. This metric is a key indicator of a nation's standard of living and economic development.
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
Constant GDP per capita provides a standardized way to track Austria's economic progress over time, enabling comparisons with other countries. It is a widely used statistic for assessing the overall prosperity of a nation's population.
Methodology
The data is calculated by the World Bank using Austria's Gross Domestic Product and population figures.
Historical Context
Policymakers and economists closely monitor this trend to gauge the effectiveness of economic policies and identify areas for potential improvement.
Key Facts
- Austria's Constant GDP per capita was $51,850 in 2021.
- GDP per capita has grown by over 60% in Austria since 2000.
- Austria ranks among the top 15 countries globally by Constant GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Austria measures the country's economic output per person, adjusted for inflation. It provides a standardized way to track Austria's economic progress over time.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a widely used statistic for assessing the overall prosperity and standard of living of a nation's population. It enables comparisons between countries and identification of areas for potential economic improvement.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Austria's Gross Domestic Product and population figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge the effectiveness of economic policies and identify areas for potential improvement.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical delay of 1-2 years.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Austria
AUTCP100000GYM
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 24 Years for Austria
LFAC24FEATA647N
Life Insurance Premium Volume to GDP for Austria
DDDI09ATA156NWDB
Infra-Annual Labor Statistics: Working-Age Population Female: From 15 to 74 Years for Austria
LFWA74FEATA647S
National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Austria
AUTGDPNADSMEI
Consumer Price Index: Housing for Austria
AUTCPIHOUQINMEI
Citation
U.S. Federal Reserve, Constant GDP per capita for Austria (NYGDPPCAPKDAUT), retrieved from FRED.