Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Poland
PC2GDPPLA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,065.51
Year-over-Year Change
110.56%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Poland, providing a standardized comparison of living standards 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 national GDP to account for differences in domestic price levels, allowing more accurate cross-country comparisons of economic output and living standards. This is a widely used indicator for gauging Poland's relative economic development and prosperity.
Methodology
The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to convert local currencies.
Historical Context
Policymakers and analysts use this metric to benchmark Poland's economic performance against other nations and inform economic and development policies.
Key Facts
- Poland's PPP-adjusted GDP per capita was $33,957 in 2021.
- Poland's GDP per capita ranks 24th globally, ahead of countries like Portugal and Greece.
- Poland's GDP per capita has grown by over 6% annually on average since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures Poland's purchasing power parity (PPP) converted gross domestic product (GDP) per capita, which provides a standardized comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used to benchmark Poland's economic performance and living standards relative to other nations, informing economic and development policies.
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 currencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP-adjusted GDP per capita metric to gauge Poland's economic development and prosperity, and to inform policies aimed at improving living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may not fully capture rapid economic changes within a given year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Poland (PC2GDPPLA620NUPN), retrieved from FRED.