Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for United States
PCDGDPUSA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,234.74
Year-over-Year Change
49.46%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted per capita domestic absorption for the United States. It provides insights into the average standard of living and economic well-being of the U.S. population.
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
Domestic absorption represents the total expenditure on final goods and services within a country, including household consumption, government spending, and investment. This PPP-adjusted metric allows for cross-country comparisons of living standards and productivity.
Methodology
The data is calculated by the World Bank using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method to convert national accounts data to a common international currency.
Historical Context
This trend is closely monitored by economists, policymakers, and international organizations to assess the relative economic performance and development of the United States.
Key Facts
- The U.S. ranked 7th globally in PPP-adjusted domestic absorption per capita in 2021.
- This metric has grown by over 50% in the U.S. since 2000, indicating rising living standards.
- Domestic absorption is a broader measure of economic activity than GDP, including household and government spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted per capita domestic absorption for the United States, which represents the total expenditure on final goods and services within the country.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted metric allows for cross-country comparisons of living standards and productivity, providing insights into the average standard of living and economic well-being of the U.S. population.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method to convert national accounts data to a common international currency.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and international organizations to assess the relative economic performance and development of the United States.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the World Bank, and may have a short delay compared to other economic indicators.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for United States (PCDGDPUSA620NUPN), retrieved from FRED.