Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Romania
PC2GDPROA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,077.86
Year-over-Year Change
156.43%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted gross domestic product (GDP) per capita for Romania, providing insights into the country's economic development and living standards.
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 the GDP per capita for differences in price levels across countries, allowing for more accurate international comparisons of economic output and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis-CPRD-Diewert (GEKS-CPDW) method.
Historical Context
This trend is widely used by policymakers, economists, and international organizations to assess economic performance and living conditions.
Key Facts
- Romania's PPP-adjusted GDP per capita was $33,462 in 2021.
- This metric has grown by over 280% since 2000.
- Romania's PPP-adjusted GDP per capita is around 58% of the EU average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power-adjusted gross domestic product (GDP) per capita for Romania, providing insights into the country's economic development and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and international organizations to assess economic performance and living conditions in Romania 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-CPRD-Diewert (GEKS-CPDW) method.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and international organizations to evaluate Romania's economic development, compare living standards, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag and may be subject to revisions by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Romania (PC2GDPROA620NUPN), retrieved from FRED.