Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Italy
RGDPCHITA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,377.46
Year-over-Year Change
4.21%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Italy measures the economic output per person in Italy, adjusted for differences in purchasing power across countries. This metric is crucial for international economic comparisons.
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 series represents the real gross domestic product (GDP) per capita in Italy, converted using purchasing power parity (PPP) exchange rates. It is a valuable indicator of the Italian standard of living and productivity compared to other nations.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and analysts use this metric to assess the relative economic performance and development of Italy within the global economy.
Key Facts
- Italy's GDP per capita in 2021 was $44,604.
- Italy's GDP per capita has grown by 6.8% over the past decade.
- Italy ranks 24th globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) per capita in Italy, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for international economic comparisons, as it provides a more accurate assessment of the Italian standard of living and productivity relative to other nations.
Q: How is this data collected or calculated?
A: The data is 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 metric to assess the relative economic performance and development of Italy within the global economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical delay of 1-2 years.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Italy (RGDPCHITA625NUPN), retrieved from FRED.