Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Malta
RGDPLPMTA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,851.20
Year-over-Year Change
20.92%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures Malta's gross domestic product (GDP) per capita adjusted for purchasing power parity. It provides insights into the standard of living and economic productivity of the country.
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 (PPP) converted GDP per capita metric adjusts for differences in price levels across countries, allowing for more accurate international comparisons of economic output and living standards. This series is derived from growth rates of consumption, government consumption, and investment in Malta.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula to convert GDP per capita to international dollars.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess Malta's economic development and competitiveness.
Key Facts
- Malta's 2021 PPP-adjusted GDP per capita was $42,700.
- This metric has grown by an average of 3.5% annually over the past decade.
- Malta ranks 26th globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Malta's gross domestic product (GDP) per capita, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic productivity between Malta and other countries.
Q: How is this data collected or calculated?
A: The World Bank calculates this series using a Laspeyres index formula to convert GDP per capita to international dollars.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess Malta's economic development, competitiveness, and living standards relative to other nations.
Q: Are there update delays or limitations?
A: This series is updated annually, with a lag 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 Malta (RGDPLPMTA625NUPN), retrieved from FRED.