Gross Domestic Product Per Capita for Switzerland
PCAGDPCHA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103,669.87
Year-over-Year Change
20.78%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product Per Capita for Switzerland measures the total economic output of Switzerland divided by its population. This metric is a key indicator of a country'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
The Gross Domestic Product (GDP) Per Capita for Switzerland represents the country's total economic output, including goods and services, divided by its total population. It is a widely used measure of a country's economic prosperity and standard of living.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
GDP per capita is used by policymakers, investors, and economists to assess Switzerland's economic performance and compare it to other countries.
Key Facts
- Switzerland has one of the highest GDP per capita in the world.
- GDP per capita in Switzerland has steadily increased over the past decade.
- Switzerland's GDP per capita is over 2.5 times the global average.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product Per Capita for Switzerland measures the total economic output of the country divided by its population, providing a gauge of the nation's standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used metric for assessing a country's economic prosperity and comparing its standard of living to other nations. It is relevant for policymakers, investors, and economists analyzing Switzerland's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data on total GDP and population figures.
Q: How is this trend used in economic policy?
A: GDP per capita is used by policymakers, economists, and analysts to evaluate Switzerland's economic development, formulate policies, and compare its performance to other countries.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with some potential delays in data availability.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Switzerland
CHECP040000GYM
Balance of Payments: Other Investment: Net (Assets Minus Liabilities) for Switzerland
CHEB6FAOI01NCCUQ
Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Switzerland
LRUN24FECHA156S
Harmonized Index of Consumer Prices: Oils and Fats for Switzerland
CP0115CHM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Switzerland
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Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Switzerland
IR3TIB01CHM156N
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Switzerland (PCAGDPCHA646NWDB), retrieved from FRED.