Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Canada
RGDPLPCAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,110.40
Year-over-Year Change
20.87%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Canada's purchasing power parity (PPP) converted GDP per capita, derived from growth rates of consumption, government consumption, and investment. It provides insight into the country's standard of living and economic productivity.
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 series adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of economic output and living standards. This data point is widely used by economists and policymakers to assess a nation's development and make informed decisions.
Methodology
The data is calculated by the OECD using growth rates of key macroeconomic components.
Historical Context
This indicator helps inform economic and policy decisions related to trade, investment, and social welfare.
Key Facts
- Canada's PPP-converted GDP per capita was $49,957 in 2021.
- Canada ranks 10th globally in PPP-converted GDP per capita.
- The series has been published annually since 1970.
FAQs
Q: What does this economic trend measure?
A: This trend measures Canada's purchasing power parity (PPP) converted GDP per capita, which adjusts for differences in price levels to allow for more accurate cross-country comparisons of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This indicator is widely used by economists and policymakers to assess a nation's development and make informed decisions related to trade, investment, and social welfare.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using growth rates of key macroeconomic components such as consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This PPP-converted GDP per capita indicator helps inform economic and policy decisions related to a country's standard of living, productivity, and competitiveness.
Q: Are there update delays or limitations?
A: The series is published annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Canada (RGDPLPCAA625NUPN), retrieved from FRED.