Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Singapore
PPCGDPSGA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,615.24
Year-over-Year Change
116.40%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per capita for Singapore, using the Geary-Khamis (G-K) method and current prices. It provides insight into the relative economic prosperity and standard of living in Singapore compared to other 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
The purchasing power parity (PPP) converted GDP per capita is an economic indicator that adjusts a country's GDP per capita to account for differences in price levels between countries. The G-K method is a widely used approach for calculating PPP. This trend is a valuable metric for comparing the relative economic well-being of populations across countries.
Methodology
The data is calculated by the World Bank using GDP and population figures.
Historical Context
This trend is used by economists, policymakers, and analysts to assess Singapore's economic performance and competitiveness relative to other nations.
Key Facts
- Singapore's PPP-converted GDP per capita was $103,181 in 2021.
- Singapore has one of the highest GDP per capita levels in the world.
- The PPP adjustment accounts for cost-of-living differences between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Singapore, using the Geary-Khamis (G-K) method and current prices. It provides insight into the relative economic prosperity and standard of living in Singapore compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is a valuable metric for comparing the relative economic well-being of populations across countries, as it adjusts for differences in price levels between nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and population figures.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and analysts to assess Singapore's economic performance and competitiveness relative to other nations.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying GDP and population figures used in the calculations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Singapore (PPCGDPSGA620NUPN), retrieved from FRED.