Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Denmark
RGDPLPDKA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,716.83
Year-over-Year Change
7.88%
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 Denmark, providing insights into the country's overall economic productivity 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 PPP-converted GDP per capita is a widely used metric that accounts for differences in price levels across countries, allowing for more accurate international comparisons of economic activity and living standards. This indicator is derived from growth rates of key economic components like consumption, government spending, and investment.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula based on national accounts statistics.
Historical Context
This metric is valuable for policymakers and analysts assessing Denmark's economic performance and competitiveness relative to other nations.
Key Facts
- Denmark's PPP-adjusted GDP per capita was $51,610 in 2021.
- This metric has grown at an average annual rate of 1.4% over the past decade.
- Denmark ranks among the top 10 countries globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Denmark, providing insights into the country's overall economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a widely used metric that allows for more accurate international comparisons of economic activity and living standards, making it valuable for policymakers and analysts assessing Denmark's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula based on national accounts statistics.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess Denmark's economic performance and competitiveness relative to other nations, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts statistics, which may result in occasional update delays or limitations in timeliness.
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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 Denmark (RGDPLPDKA625NUPN), retrieved from FRED.