Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Cyprus
PC2GDPCYA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,253.83
Year-over-Year Change
57.45%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per capita for Cyprus, using the average GEKS-CPDW method at current prices. It provides insight into the standard of living and economic productivity of the Cypriot 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 purchasing power parity (PPP) converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of economic output and living standards. The GEKS-CPDW method is a statistical technique used to calculate these PPP values.
Methodology
The data is collected and calculated by the World Bank using household and price survey information.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and living conditions across countries.
Key Facts
- Cyprus's PPP-adjusted GDP per capita was $39,103 in 2021.
- Cyprus's PPP-adjusted GDP per capita is higher than the global average.
- PPP conversion factors account for differences in the cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Cyprus, which adjusts for differences in price levels to allow for more accurate cross-country comparisons of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and living conditions across countries, providing valuable insights into the standard of living and productivity of the Cypriot population.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household and price survey information.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess and compare the economic development and living standards of different countries, which can inform policy decisions and international economic cooperation.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and may be subject to revisions as more information becomes available.
Related Trends
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Republic of Congo
PCDGDPCGA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Vietnam
PC2GDPVNA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for El Salvador
PC2GDPSVA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Guatemala
PCDGDPGTA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Grenada
PPCGDPGDA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for United Kingdom
PCDGDPGBA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Cyprus (PC2GDPCYA620NUPN), retrieved from FRED.