Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Sweden
PCDGDPSEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,645.24
Year-over-Year Change
67.86%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted domestic absorption per capita for Sweden, providing insight into the country's standard of living and economic activity.
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
Purchasing power parity (PPP) conversion allows for cross-country comparisons of economic activity by accounting for differences in price levels. This PPP-adjusted domestic absorption per capita metric gives a comprehensive view of Sweden's overall economic performance and consumption patterns.
Methodology
The data is calculated using the GEKS-CPDW method, a multilateral PPP index based on national accounts.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate Sweden's economic development and living standards relative to other countries.
Key Facts
- Sweden's domestic absorption per capita was $47,302 in 2020.
- Sweden's PPP-adjusted domestic absorption has grown by 25% over the past decade.
- Sweden ranks among the top 10 countries globally in terms of PPP-adjusted domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Sweden's purchasing power parity (PPP) adjusted domestic absorption per capita, providing insight into the country's overall economic activity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate Sweden's economic development and living standards in comparison to other countries.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, a multilateral PPP index based on national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP-adjusted domestic absorption per capita metric to assess Sweden's economic performance, consumption patterns, and living standards relative to other economies.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with some potential for delays in the most recent year's figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Sweden (PCDGDPSEA620NUPN), retrieved from FRED.