Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Germany
RGDPLPDEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,085.35
Year-over-Year Change
15.19%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted real GDP per capita for Germany, derived from growth rates of consumption, government consumption, and investment. It provides insight into the country's overall economic development and living standards.
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) metric adjusts Germany's GDP per capita to account for differences in purchasing power across countries, allowing for more accurate cross-country comparisons. It is a key indicator used by economists and policymakers to evaluate economic performance and living standards.
Methodology
The data is calculated by the U.S. Federal Reserve using a Laspeyres-type index formula and growth rates of consumption, government consumption, and investment.
Historical Context
This metric is widely used by economists, international organizations, and policymakers to analyze and compare economic development across countries.
Key Facts
- Germany's PPP-adjusted GDP per capita was $54,305 in 2021.
- This metric has grown by an average of 1.4% annually over the past decade.
- PPP adjustment is important to account for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted real GDP per capita for Germany, providing insight into the country's overall economic development and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, international organizations, and policymakers to analyze and compare economic development across countries, as the PPP adjustment allows for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using a Laspeyres-type index formula and growth rates of consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate economic performance and living standards, and to inform decisions related to economic development, trade, and international cooperation.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but may be subject to revision and may not be available for the most recent periods.
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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 Germany (RGDPLPDEA625NUPN), retrieved from FRED.