Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Federated States of Micronesia
PC2GDPFMA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,276.72
Year-over-Year Change
48.22%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per capita for the Federated States of Micronesia, providing insight into the nation's economic productivity and standard of living.
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 metric adjusts for differences in price levels across countries, allowing for more accurate comparisons of economic output and development. This data point is used by economists and policymakers to evaluate Micronesia's economic performance and progress.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP figures into internationally comparable US dollars.
Historical Context
This metric informs analyses of Micronesia's economic conditions and policy decisions that impact the country's long-term growth and development.
Key Facts
- Micronesia's PPP-adjusted GDP per capita was $3,526 in 2021.
- The country's GDP per capita has grown by 17% over the past decade.
- Micronesia is classified as a lower-middle income economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for the Federated States of Micronesia, which adjusts the country's economic output for differences in domestic price levels.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of Micronesia's economic productivity and standard of living relative to other countries, informing analyses of the nation's economic performance and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert Micronesia's local currency GDP figures into internationally comparable US dollars.
Q: How is this trend used in economic policy?
A: This PPP-adjusted GDP per capita metric informs analyses of Micronesia's economic conditions and helps guide policy decisions that impact the country's long-term growth and development.
Q: Are there update delays or limitations?
A: There may be delays of up to 2 years in the availability of this data due to the complexities of international price comparisons.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Federated States of Micronesia (PC2GDPFMA620NUPN), retrieved from FRED.