Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for China
PC2GD2CNA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,027.14
Year-over-Year Change
306.04%
Date Range
1/1/1952 - 1/1/2010
Summary
This trend measures China's purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita, providing a standardized metric for comparing economic output across countries.
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 metric adjusts for differences in price levels between countries, enabling more accurate international comparisons of living standards and economic development. It is a key indicator used by economists and policymakers to assess China's economic performance and progress.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP figures to a common international dollar basis.
Historical Context
This trend is widely referenced in global economic analyses and policy discussions related to China's economic growth and development.
Key Facts
- China's PPP-adjusted GDP per capita was $17,192 in 2021.
- This metric has grown over 20-fold since 1980.
- China accounts for over 18% of global GDP on a PPP basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures China's gross domestic product (GDP) per capita, adjusted for differences in purchasing power parity (PPP) to enable more accurate international comparisons.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key indicator used by economists and policymakers to assess China's economic performance and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP figures to a common international dollar basis.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in global economic analyses and policy discussions related to China's economic growth and development.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have some delay in reporting compared to other economic indicators.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for China (PC2GD2CNA620NUPN), retrieved from FRED.