Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Slovak Republic
RGDPCHSKA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,284.29
Year-over-Year Change
58.39%
Date Range
1/1/1987 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Slovak Republic measures the economic output per person in Slovakia, adjusted for differences in purchasing power across 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 development across nations by accounting for price level differences. It is a key indicator used by economists, policymakers, and international organizations to evaluate and compare national economies.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates and real GDP.
Historical Context
This trend is widely referenced in analysis of global economic competitiveness and standards of living.
Key Facts
- Slovakia's GDP per capita in purchasing power parity terms was $35,090 in 2021.
- Slovakia's GDP per capita has grown by over 60% since 2000.
- Slovakia's GDP per capita is about 72% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Slovakia divided by its population, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more meaningful comparison of living standards and economic development between Slovakia and other nations by accounting for price level differences.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates and real GDP figures.
Q: How is this trend used in economic policy?
A: This metric is widely referenced by economists, policymakers, and international organizations to evaluate and compare national economies and standards of living.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Slovak Republic (RGDPCHSKA625NUPN), retrieved from FRED.