Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Serbia
PPCGDPRSA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,696.32
Year-over-Year Change
95.07%
Date Range
1/1/1990 - 1/1/2010
Summary
This trend measures the gross domestic product (GDP) per capita of Serbia, adjusted for differences in purchasing power across countries using the Geary-Khamis (G-K) method. It provides a more accurate assessment of living standards and economic development in Serbia.
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
The purchasing power parity (PPP) converted GDP per capita is a widely used metric for international comparisons of economic output and living standards. The G-K method is a sophisticated approach that accounts for varying price levels across countries, allowing for more precise cross-country analysis.
Methodology
The data is collected and calculated by the World Bank using survey-based price data and national accounts information.
Historical Context
This trend is valuable for policymakers, economists, and investors analyzing Serbia's economic performance and competitiveness within the global marketplace.
Key Facts
- Serbia's GDP per capita (PPP) was $20,302 in 2021.
- Serbia's PPP-adjusted GDP per capita is around 50% of the European Union average.
- The G-K method is considered the most reliable approach for international GDP comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) per capita of Serbia, adjusted for differences in purchasing power across countries using the Geary-Khamis (G-K) method.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a valuable metric for assessing Serbia's economic performance and living standards relative to other countries, providing a more accurate comparison than unadjusted GDP per capita.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using survey-based price data and national accounts information.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to analyze Serbia's economic competitiveness and development within the global marketplace, informing decision-making and policy formulation.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as the World Bank collects and processes the underlying price and national accounts information.
Related Trends
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Uganda
PCDGDPUGA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Peru
PCDGDPPEA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Oman
PPCGDPOMA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Togo
PCDGDPTGA620NUPN
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 Tonga
PPCGDPTOA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Serbia (PPCGDPRSA620NUPN), retrieved from FRED.