Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Portugal
RGDPL2PTA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,012.60
Year-over-Year Change
9.47%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Portugal, is an important economic indicator that measures the standard of living and productivity in Portugal.
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 adjusts Portugal's GDP per capita to account for differences in purchasing power across countries, providing a more accurate comparison of economic welfare. It is a key data point for analyzing Portugal's economic development and competitiveness.
Methodology
The data is calculated by the Federal Reserve using growth rates of domestic absorption.
Historical Context
Policymakers and international organizations use this metric to evaluate Portugal's economic progress and living standards relative to other nations.
Key Facts
- Portugal's GDP per capita adjusted for purchasing power was $32,700 in 2021.
- This metric has grown by an average of 1.5% annually over the past decade.
- Portugal ranks 24th globally in terms of purchasing power-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures Portugal's GDP per capita adjusted for differences in purchasing power, providing a more accurate assessment of the country's standard of living and economic productivity.
Q: Why is this trend relevant for users or analysts?
A: This data point is crucial for evaluating Portugal's economic development and competitiveness relative to other nations, as it accounts for cost-of-living differences that can distort comparisons of unadjusted GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using growth rates of domestic absorption in Portugal.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations utilize this metric to assess Portugal's economic progress and living standards, which informs policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but there may be lags of several months between the reference period and the release of the latest figures.
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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 Portugal (RGDPL2PTA625NUPN), retrieved from FRED.