Gross Domestic Product Per Capita for Estonia
PCAGDPEEA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,170.09
Year-over-Year Change
77.42%
Date Range
1/1/1993 - 1/1/2024
Summary
Gross Domestic Product (GDP) per capita is a key economic indicator that measures the total economic output of a country divided by its population. It provides insights into 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 GDP per capita for Estonia tracks the total value of goods and services produced in Estonia divided by its total population. This metric is widely used by economists, policymakers, and analysts to assess Estonia's economic performance and compare it to other countries.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
GDP per capita is an important input for macroeconomic analysis and policy decisions related to growth, productivity, and living standards.
Key Facts
- Estonia's GDP per capita was $25,443 in 2021.
- Estonia's GDP per capita has grown by over 200% since 2000.
- Estonia ranks 42nd globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Estonia divided by its total population, providing a gauge of the country'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 that allows for cross-country comparisons and analysis of a country's economic performance and progress over time.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: GDP per capita is a key input for macroeconomic analysis and policy decisions related to growth, productivity, and living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Estonia
ESTCP090000GYM
Consumer Price Index: All Items: Total for Estonia
CPALTT01EEQ657N
Consumer Price Index: Health (COICOP 06): Total for Estonia
ESTCP060000GPM
Consumer Price Index: Services Less Housing for Estonia
CPSELR01EEM661N
Harmonized Index of Consumer Prices: Medical Services; Paramedical Services for Estonia
CP0621EEM086NEST
National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Estonia
NAGIGP01EEQ661S
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Estonia (PCAGDPEEA646NWDB), retrieved from FRED.