Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Japan
RGDPL2JPA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,766.01
Year-over-Year Change
9.47%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Japan's purchasing power parity (PPP) converted gross domestic product (GDP) per capita, derived from growth rates of domestic absorption. It provides insights into Japan's economic productivity and living standards relative to other 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
The PPP-converted GDP per capita trend adjusts Japan's GDP to account for differences in purchasing power across countries, enabling cross-country comparisons of living standards. It is a key metric used by economists and policymakers to evaluate a country's economic development and living conditions.
Methodology
The data is calculated using the Laspeyres method, which derives growth rates from domestic absorption measures.
Historical Context
This trend is widely referenced by international organizations, governments, and analysts to benchmark Japan's economic performance and living standards.
Key Facts
- Japan's PPP-adjusted GDP per capita was $42,280 in 2021.
- Japan's PPP-adjusted GDP per capita has grown by 1.4% annually over the past decade.
- Japan ranks 28th globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Japan's purchasing power parity (PPP) converted gross domestic product (GDP) per capita, which adjusts the country's GDP to account for differences in purchasing power across 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 in Japan relative to other countries, enabling better evaluation of the country's economic development and performance.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres method, which derives growth rates from domestic absorption measures.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by international organizations, governments, and analysts to benchmark Japan's economic performance and living standards, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Federal Reserve, which maintains the FRED database where this series is hosted.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Japan (RGDPL2JPA625NUPN), retrieved from FRED.