Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Portugal
PPCGDPPTA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,583.45
Year-over-Year Change
44.13%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Portugal measures the economic output per person in Portugal, adjusted for differences in purchasing power between countries.
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
This metric represents the total economic output of Portugal divided by its population, converted to international dollars using purchasing power parity (PPP) rates. The G-K method is a specific PPP calculation that facilitates international GDP comparisons.
Methodology
Data is collected and calculated by the World Bank using national accounts and population data.
Historical Context
This indicator is widely used by economists and policymakers to assess a country's standard of living and economic development.
Key Facts
- Portugal's GDP per capita on a PPP basis was $33,935 in 2021.
- Portugal's GDP per capita is approximately 72% of the EU average.
- Portugal's GDP per capita has grown by over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total economic output of Portugal divided by its population, adjusted for differences in purchasing power between countries using the Geary-Khamis (G-K) method.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic development across countries than raw GDP per capita by accounting for price level differences.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess Portugal's economic performance and living standards relative to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
Related Trends
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Nepal
PC2GDPNPA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for St.Vincent and Grenadines
PPCGDPVCA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Fiji
PC2GDPFJA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Cyprus
PC2GDPCYA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Italy
PPCGDPITA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for France
PC2GDPFRA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Portugal (PPCGDPPTA620NUPN), retrieved from FRED.