Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Costa Rica
PC2GDPCRA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,135.76
Year-over-Year Change
59.60%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per capita for Costa Rica, providing insight into the country's economic output and living standards relative to other nations.
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 across countries, allowing for more accurate international comparisons of material living standards. This data point is a key indicator used by economists and policymakers to analyze Costa Rica's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to convert local currency GDP figures.
Historical Context
This metric is widely referenced in global economic analyses and discussions of Costa Rica's macroeconomic performance.
Key Facts
- Costa Rica's PPP-adjusted GDP per capita was $17,590 in 2021.
- Costa Rica ranks 66th globally in PPP-adjusted GDP per capita.
- The metric has grown by an average of 2.3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Costa Rica, providing a standardized metric for comparing the country's economic output and living standards relative to other nations.
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 analyze a country's economic development, living standards, and competitiveness on the global stage.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to convert local currency GDP figures.
Q: How is this trend used in economic policy?
A: This metric is widely referenced in global economic analyses and discussions of Costa Rica's macroeconomic performance, informing decisions by policymakers, investors, and other stakeholders.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may not account for the most recent economic conditions in Costa Rica.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Costa Rica (PC2GDPCRA620NUPN), retrieved from FRED.