Gross Domestic Product Per Capita for Andorra
PCAGDPADA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,303.67
Year-over-Year Change
18.80%
Date Range
1/1/1970 - 1/1/2024
Summary
Gross Domestic Product (GDP) per capita is a measure of a country's economic output per person. It is a key indicator of a nation's standard of living and economic development.
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
GDP per capita for Andorra represents the total economic output of the country divided by its total population. This metric is widely used by economists and policymakers to assess a country's relative prosperity and compare it to other nations.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
GDP per capita is an important tool for evaluating macroeconomic performance and informing economic policy decisions.
Key Facts
- Andorra's GDP per capita was $41,700 in 2020.
- GDP per capita in Andorra has grown by over 35% since 2000.
- Andorra has one of the highest GDP per capita levels in the world.
FAQs
Q: What does this economic trend measure?
A: Gross Domestic Product (GDP) per capita measures the total economic output of a country divided by its total population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's standard of living and level of economic development, making it important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population statistics.
Q: How is this trend used in economic policy?
A: GDP per capita is widely used to evaluate macroeconomic performance and inform economic policy decisions, such as those related to growth, development, and standards of living.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
Related Trends
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Value of Exports to Andorra from Louisiana
LAANDA052SCEN
Number of Identified Exporters to Andorra from Delaware
DEANDA475SCEN
Fertility Rate, Total for Andorra
SPDYNTFRTINAND
U.S. Imports of Goods by Customs Basis from Andorra
IMP4271
Value of Exports to Andorra from New York
NYANDA052SCEN
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Andorra (PCAGDPADA646NWDB), retrieved from FRED.