Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Serbia
PCDGDPRSA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,389.24
Year-over-Year Change
114.95%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures Serbia's domestic absorption per capita, adjusted for purchasing power parity. It provides insights into the real standard of living and economic well-being of Serbian citizens.
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 per capita, adjusted for purchasing power parity, represents the average value of goods and services consumed and invested within Serbia's economy. This metric is a valuable indicator of a country's economic development and living standards.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method to convert domestic absorption to a common currency and adjust for price level differences.
Historical Context
Policymakers and analysts use this trend to evaluate Serbia's economic performance and make comparisons to other countries.
Key Facts
- Serbia's domestic absorption per capita was $13,957 in 2021.
- This trend has increased by 36% over the past decade.
- Serbia's domestic absorption per capita is about 40% of the EU average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average value of goods and services consumed and invested within Serbia's economy, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Serbia's economic development and the real standard of living of its citizens, enabling comparisons to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method to convert domestic absorption to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Serbia's economic performance and make comparisons to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture short-term fluctuations in domestic absorption.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Serbia (PCDGDPRSA620NUPN), retrieved from FRED.