Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Cyprus
RGDPLPCYA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,753.76
Year-over-Year Change
17.66%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Cyprus, derived from growth rates of consumption, government consumption, and investment.
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 metric adjusts for differences in price levels across countries, allowing for more accurate international comparisons of living standards and economic productivity. This data series is widely used by economists and policymakers to evaluate economic development and living standards.
Methodology
The data is calculated by the World Bank using growth rates of the underlying national accounts components.
Historical Context
This metric is a key indicator for assessing the economic performance and growth trajectory of Cyprus.
Key Facts
- Cyprus's PPP-adjusted GDP per capita was $36,707 in 2021.
- This metric has grown at an average annual rate of 2.1% over the past decade.
- Cyprus's PPP-adjusted GDP per capita is around 85% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Cyprus, taking into account differences in price levels across the country.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a widely used indicator for evaluating economic development and living standards, allowing for more accurate international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of the underlying national accounts components, including consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This metric is a key indicator for assessing the economic performance and growth trajectory of Cyprus, and is used by economists and policymakers to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and may have a lag of several months compared to the most recent economic conditions.
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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 Cyprus (RGDPLPCYA625NUPN), retrieved from FRED.