Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for St.Vincent and Grenadines
PC2GDPVCA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,169.00
Year-over-Year Change
82.03%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted GDP per capita for St. Vincent and the Grenadines, which is a key metric for comparing living standards across countries.
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
Purchasing power parity (PPP) conversion factors are used to standardize GDP data, allowing for more accurate cross-country comparisons of economic output and living standards. This series provides the PPP-adjusted GDP per capita for St. Vincent and the Grenadines, which is a commonly referenced statistic for evaluating economic development.
Methodology
The data is calculated by the World Bank using established PPP conversion methods.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess the relative prosperity of different economies.
Key Facts
- St. Vincent and the Grenadines' PPP-adjusted GDP per capita was $12,700 in 2020.
- This represents a 24% increase from the 2010 level of $10,250.
- The country's PPP-adjusted GDP per capita is about 25% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted GDP per capita for St. Vincent and the Grenadines, providing a standardized metric for comparing living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess the relative prosperity and development of different economies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using established purchasing power parity (PPP) conversion methods.
Q: How is this trend used in economic policy?
A: This PPP-adjusted GDP per capita statistic is a key input for evaluating economic development and living standards, and is used by institutions like the IMF and World Bank for cross-country comparisons and policymaking.
Q: Are there update delays or limitations?
A: There may be delays of up to a year in the availability of the latest data, and the PPP conversion methods used can be subject to some uncertainty.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for St.Vincent and Grenadines (PC2GDPVCA620NUPN), retrieved from FRED.