Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Costa Rica
RGDPCHCRA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,500.09
Year-over-Year Change
34.52%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Costa Rica measures the total economic output of Costa Rica on a per-person basis, 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 provides a more accurate comparison of living standards and economic productivity across nations by accounting for price level differences. It is widely used by economists, policymakers, and international organizations to analyze economic development and living standards.
Methodology
The data is calculated by the World Bank using exchange rates and price level surveys.
Historical Context
This trend is a key indicator for assessing Costa Rica's economic performance and living standards relative to other countries.
Key Facts
- Costa Rica's 2021 PPP-adjusted GDP per capita was $17,251.
- This represents a 44% increase from 2000.
- Costa Rica ranks 57th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Costa Rica on a per-person basis, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of living standards and economic productivity across nations, allowing for better analysis of economic development and performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price level surveys.
Q: How is this trend used in economic policy?
A: This trend is a key indicator for assessing Costa Rica's economic performance and living standards relative to other countries, informing policymakers and international organizations.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical 1-2 year lag in availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Costa Rica (RGDPCHCRA625NUPN), retrieved from FRED.