Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Russia
PC2GDPRUA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,552.90
Year-over-Year Change
201.61%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Russia, providing a more accurate assessment of the standard of living compared to using market exchange rates.
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 adjusts for differences in price levels between countries, allowing for better cross-country comparisons of economic well-being. This metric is widely used by economists and policymakers to evaluate relative economic performance and development.
Methodology
The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to account for price variations.
Historical Context
This trend is a key input for international economic analyses and policy decisions.
Key Facts
- Russia's PPP-adjusted GDP per capita was $29,032 in 2021.
- This metric has increased by over 70% since 2000.
- Russia ranks 55th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Russia, which provides a more accurate assessment of the standard of living compared to using market exchange rates.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is widely used by economists and policymakers to evaluate relative economic performance and development across countries.
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 account for price variations.
Q: How is this trend used in economic policy?
A: This trend is a key input for international economic analyses and policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid economic changes.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Russia (PC2GDPRUA620NUPN), retrieved from FRED.