Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Spain
PCDGDPESA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,566.91
Year-over-Year Change
55.87%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted domestic absorption per capita in Spain, providing insights into the country's economic well-being and living standards.
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
Domestic absorption represents the total expenditure on final goods and services within a country, including consumption, investment, and government spending. This PPP-adjusted metric allows for cross-country comparisons of living standards and economic development.
Methodology
The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS-CPDW) method to account for price level differences across countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Spain's economic performance and living conditions relative to other nations.
Key Facts
- Spain's PPP-adjusted domestic absorption per capita was $32,291 in 2021.
- This metric has grown by an average of 1.3% annually over the past decade.
- Spain ranks 20th globally in terms of PPP-adjusted domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita in Spain, which represents the total expenditure on final goods and services within the country.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted metric allows for cross-country comparisons of living standards and economic development, providing valuable insights into Spain's economic performance and living conditions relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS-CPDW) method to account for price level differences across countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Spain's economic performance and living conditions, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical delay of 6-12 months. The PPP adjustments may be subject to revisions as methodologies and data sources are refined over time.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Spain (PCDGDPESA620NUPN), retrieved from FRED.