Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Democratic Republic of the Congo
PGD2USCDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.64
Year-over-Year Change
-1.86%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita of the Democratic Republic of the Congo relative to the United States. It is a key indicator of a country's economic development and living standards compared to the world's largest economy.
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 ratio compares the overall economic productivity and living standards between countries by adjusting for differences in national price levels. This allows for more accurate international comparisons beyond just exchange rate fluctuations.
Methodology
The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to convert GDP across countries.
Historical Context
Policymakers and economists use this metric to assess a country's economic progress and competitiveness on the global stage.
Key Facts
- The Democratic Republic of the Congo's GDP per capita is only 1.1% of the U.S. level.
- This ratio has declined from 2.0% in 1990 to the current 1.1% due to slow economic growth.
- The DRC ranks among the world's poorest countries by this metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita of the Democratic Republic of the Congo relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This ratio is a key indicator of a country's economic development and living standards compared to the world's largest economy, allowing for more accurate international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to convert GDP across countries.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess a country's economic progress and competitiveness on the global stage.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may not fully capture rapid economic changes within a given year.
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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 Democratic Republic of the Congo (PGD2USCDA621NUPN), retrieved from FRED.