Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Uruguay
RGDPL2UYA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,653.87
Year-over-Year Change
28.16%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted gross domestic product per capita for Uruguay, derived from growth rates of domestic absorption. It provides insights into the standard of living and economic productivity of the country.
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 Purchasing Power Parity Converted GDP Per Capita (Laspeyres) trend is a measure of the economic output of a country, adjusted for differences in the cost of living. It is a valuable metric for comparing the relative prosperity and development levels across nations.
Methodology
The data is calculated using the Laspeyres index method based on growth rates of domestic absorption.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic performance and make informed decisions.
Key Facts
- Uruguay's GDP per capita was $23,462 in 2020.
- The country's purchasing power parity has increased by 29% over the past decade.
- GDP per capita is a key indicator of a nation's economic development and standard of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted gross domestic product per capita for Uruguay, adjusted for differences in the cost of living across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for comparing the relative economic performance and standard of living between nations, providing valuable insights for policymakers, economists, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres index method based on growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international institutions to assess economic performance, make informed decisions, and compare the relative prosperity and development levels across countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying sources, with potential delays in updates or revisions.
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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 Uruguay (RGDPL2UYA625NUPN), retrieved from FRED.