Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Hungary
RGDPLPHUA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,556.20
Year-over-Year Change
35.00%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Hungary, derived from growth rates of consumption, government consumption, and investment. It provides insights into the real purchasing power and living standards of the Hungarian population.
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 an important metric that adjusts a country's GDP to account for differences in price levels across economies, allowing for more accurate comparisons of living standards. This data series uses the Laspeyres method to calculate the PPP-adjusted GDP per capita for Hungary based on growth rates of key expenditure components.
Methodology
The data is calculated by the U.S. Federal Reserve using growth rates of consumption, government consumption, and investment.
Historical Context
This metric is widely used by policymakers, economists, and international organizations to assess and compare the economic development and living standards across countries.
Key Facts
- Hungary's PPP-adjusted GDP per capita was $32,706 in 2021.
- This metric has grown by an average of 2.7% annually over the past decade.
- Hungary's PPP-adjusted GDP per capita is around 72% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Hungary, adjusting for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita provides a more accurate comparison of living standards and economic development across countries than nominal GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using growth rates of consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, economists, and international organizations to assess and compare the economic development and living standards across countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay of several months in availability.
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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 Hungary (RGDPLPHUA625NUPN), retrieved from FRED.