Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Romania
RGDPLPROA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,376.19
Year-over-Year Change
66.77%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Romania, providing a standardized metric for international comparisons of living standards and economic development.
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 (Laspeyres) series adjusts the raw GDP data to account for differences in purchasing power across countries, enabling more accurate cross-country comparisons of economic output and living standards.
Methodology
The data is calculated using growth rates of consumption, government consumption, and investment for Romania.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic performance and make informed decisions.
Key Facts
- Romania's PPP-adjusted GDP per capita was $31,577 in 2021.
- This metric has grown by an average of 4.2% annually over the past decade.
- Romania's PPP-adjusted GDP per capita is approximately 60% of the OECD average.
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 Romania, providing a standardized metric for international comparisons of living standards and economic development.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic performance and make informed decisions about economic policy and development strategies.
Q: How is this data collected or calculated?
A: The data is calculated using growth rates of consumption, government consumption, and investment for Romania.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP-adjusted GDP per capita metric to compare the relative economic development and living standards of Romania with other countries, informing decision-making on economic and social policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the collecting agency, and may have a slight delay in availability compared to some other economic indicators.
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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 Romania (RGDPLPROA625NUPN), retrieved from FRED.