Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for China
PGD2U2CNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.53
Year-over-Year Change
176.28%
Date Range
1/1/1952 - 1/1/2010
Summary
This economic indicator measures China's gross domestic product (GDP) per capita relative to the United States, adjusted for purchasing power parity. It provides insights into the comparative living standards and economic development between the two 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
The Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares the income levels of China and the U.S. by accounting for differences in the cost of living between the two countries. This allows for a more accurate assessment of their comparative economic well-being and productive capacity.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert local currency units to international dollars.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to analyze global economic competitiveness and living standards.
Key Facts
- China's GDP per capita was 16.91% of the U.S. level in 2021.
- This indicator has increased from 7.99% in 1990, showing China's rapid economic development.
- The PPP adjustment accounts for differences in the cost of living between countries.
FAQs
Q: What does this economic trend measure?
A: This metric measures China's gross domestic product (GDP) per capita relative to the United States, adjusted for differences in purchasing power across the two countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the comparative living standards and economic development between China and the U.S., which is crucial for assessing global competitiveness and growth trajectories.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert local currency units to international dollars and adjust for purchasing power parity.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to analyze global economic competitiveness and living standards, informing policy decisions and assessments of economic performance.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some lag in availability. The PPP adjustment may not fully capture all differences in the cost of living between countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for China (PGD2U2CNA621NUPN), retrieved from FRED.