Gross Domestic Product Per Capita for Portugal
PCAGDPPTA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,844.50
Year-over-Year Change
40.07%
Date Range
1/1/1960 - 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 insight into a country's standard of living and economic well-being.
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 Portugal is a widely tracked metric that allows for comparisons of economic development and productivity across countries. It is a valuable tool for policymakers, economists, and investors to assess Portugal's economic performance over time.
Methodology
The data is calculated by the World Bank using national accounts data and population figures.
Historical Context
GDP per capita is a crucial input for evaluating a country's macroeconomic policies and economic growth potential.
Key Facts
- Portugal's GDP per capita was $23,392 in 2021.
- Portugal's GDP per capita has grown by 47% over the past 20 years.
- Portugal's GDP per capita is below the European Union average.
FAQs
Q: What does this economic trend measure?
A: GDP per capita measures the total economic output of Portugal divided by its population, providing insight into the country's standard of living and economic well-being.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a crucial metric for comparing economic development and productivity across countries, making it valuable for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: GDP per capita is a crucial input for evaluating a country's macroeconomic policies and economic growth potential, as it provides insight into a nation's standard of living and overall economic performance.
Q: Are there update delays or limitations?
A: The GDP per capita data is typically updated annually, with a short delay in publication.
Related Trends
Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Portugal
PRTCPHP1000GPM
Amount Outstanding Due within One Year of International Debt Securities for General Government Sector, Residence of Issuer in Portugal
IDS1YMAORIGGPT
Deposit Money Bank Assets to GDP for Portugal
DDDI02PTA156NWDB
Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Portugal
BSCICP03PTM665S
Sales: Retail Trade: Total Retail Trade: Value for Portugal
SLRTTO02PTQ661S
Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for Portugal
LFEAAGTTPTA647N
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Portugal (PCAGDPPTA646NWDB), retrieved from FRED.