Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Croatia
RGDPCHHRA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,674.83
Year-over-Year Change
32.94%
Date Range
1/1/1990 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Croatia measures the economic output per person in Croatia, 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 Croatia divided by its population, converted to a common currency and adjusted for variations in the cost of living. It is a key indicator of a country's standard of living and economic development.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) information.
Historical Context
This trend is widely used by policymakers, economists, and investors to compare living standards and productivity across nations.
Key Facts
- Croatia's 2021 GDP per capita was $26,724.
- Croatia's GDP per capita has grown by 44% since 2010.
- Croatia ranks 51st globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Croatia divided by its population, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of a country's standard of living and economic development, allowing for meaningful cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) information.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and investors to compare living standards and productivity across nations.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with some delay in publication.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Croatia (RGDPCHHRA625NUPN), retrieved from FRED.