Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for United States
PC2GDPUSA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,568.57
Year-over-Year Change
46.96%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for the United States. It provides insights into the relative standard of living and economic development in 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 Converted GDP Per Capita metric adjusts the GDP per capita figure to account for differences in price levels across countries, allowing for more accurate comparisons of economic output and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to determine PPP conversion factors.
Historical Context
This metric is widely used by policymakers, economists, and international organizations to assess economic performance and living standards.
Key Facts
- The U.S. ranked 10th globally in PPP-adjusted GDP per capita in 2021.
- PPP-adjusted GDP per capita is 1.5 times higher than nominal GDP per capita in the U.S.
- The U.S. PPP-adjusted GDP per capita has grown by 25% over the past decade.
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 the United States, providing a more accurate comparison of living standards and economic development.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and international organizations to assess economic performance and living standards, as it accounts for differences in price levels across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to determine PPP conversion factors.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and international organizations to compare economic performance and living standards across countries, informing policy decisions and assessments.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for United States (PC2GDPUSA620NUPN), retrieved from FRED.