Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Georgia
PC2GDPGEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,946.89
Year-over-Year Change
164.61%
Date Range
1/1/1993 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Georgia, providing a standardized metric for international economic comparisons.
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 the raw GDP figure to account for differences in purchasing power across countries, enabling more accurate cross-country assessments of living standards and economic development.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to derive PPP conversion factors.
Historical Context
This trend is a key indicator used by policymakers, investors, and analysts to evaluate Georgia's economic performance and competitiveness.
Key Facts
- Georgia's PPP-adjusted GDP per capita was $15,251 in 2021.
- Georgia's GDP per capita has grown by over 50% since 2010.
- Georgia ranks 87th globally in 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 Georgia, providing a standardized metric for international economic comparisons.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric is a key indicator used to evaluate a country's economic performance and living standards in a globally comparable way.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to derive PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, investors, and analysts to assess Georgia's economic competitiveness and development relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to occasional revisions and may have a delay of up to a year in reporting the latest figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Georgia (PC2GDPGEA620NUPN), retrieved from FRED.