Gross Domestic Product Per Capita for Finland
PCAGDPFIA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,188.62
Year-over-Year Change
11.85%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per Capita for Finland measures the total economic output of the country divided by its population. This key metric provides insight into the standard of living and economic productivity of Finland.
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 is a widely used indicator of a country's economic development and prosperity. It represents the average value of all goods and services produced within a country in a given year, adjusted for the size of the population. Economists and policymakers analyze this trend to assess Finland's economic performance and make informed decisions.
Methodology
The data is calculated by the World Bank using official national accounts and population statistics.
Historical Context
GDP per Capita is a critical benchmark for evaluating Finland's economic policies, trade, and investment climate.
Key Facts
- Finland's GDP per Capita was $51,957 in 2021.
- Finland ranks among the top 20 countries globally by GDP per Capita.
- GDP per Capita in Finland has grown by over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per Capita for Finland measures the total economic output of the country divided by its population.
Q: Why is this trend relevant for users or analysts?
A: GDP per Capita is a widely used indicator of a country's economic development and prosperity, providing insight into the standard of living and productivity of the Finnish economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official national accounts and population statistics.
Q: How is this trend used in economic policy?
A: GDP per Capita is a critical benchmark for evaluating Finland's economic policies, trade, and investment climate, as it reflects the overall health and productivity of the Finnish economy.
Q: Are there update delays or limitations?
A: The data is typically updated annually with a short delay, and may be subject to revisions by the collecting institution.
Related Trends
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Finland
FINFCSODCGGDPPT
Balance of Payments: Services: Revenue for Finland
FINB6CRSE03STSAQ
Labor Compensation: Earnings: Manufacturing: Hourly for Finland
LCEAMN01FIQ657S
Residential Property Prices for Finland
QFIN628BIS
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Finland
LFEM55MAFIA647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Finland
FINCP070000IXOBM
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Finland (PCAGDPFIA646NWDB), retrieved from FRED.