Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Thailand
RGDPCHTHA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,064.72
Year-over-Year Change
50.58%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Thailand measures the country's economic output per person, adjusted for differences in purchasing power between Thailand and the United States. This metric is a key indicator of a country's overall economic development and standard of living.
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 economic trend represents Thailand's real gross domestic product (GDP) per capita, using purchasing power parity (PPP) to account for price level differences between Thailand and the U.S. The PPP adjustment allows for more accurate cross-country comparisons of living standards and productivity.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity data.
Historical Context
Economists and policymakers use this metric to assess Thailand's economic performance and progress relative to other countries.
Key Facts
- Thailand's GDP per capita was $18,871 in 2021.
- Thailand's GDP per capita has grown by over 5% annually since 2015.
- Thailand's GDP per capita is about 40% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This trend measures Thailand's real gross domestic product (GDP) per capita, adjusted for differences in purchasing power between Thailand and the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of living standards and productivity, which is crucial for economists and policymakers assessing Thailand's economic performance and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate Thailand's economic progress and living standards relative to other countries, which informs policy decisions and assessments.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the World Bank collects and processes the underlying national accounts and purchasing power parity data.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Thailand (RGDPCHTHA625NUPN), retrieved from FRED.