Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Switzerland
PGD2USCHA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.48
Year-over-Year Change
4.45%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Switzerland's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides crucial insights into the comparative living standards and economic productivity 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 PPP-converted GDP per capita relative to the US is a key indicator of a country's economic development and living standards compared to the world's largest economy. It adjusts for differences in price levels between countries to enable more accurate cross-country comparisons of real incomes and economic output.
Methodology
The data is calculated by the OECD based on national accounts and price survey information.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and inform policy decisions.
Key Facts
- Switzerland's GDP per capita is about 1.7 times the US level.
- This relative measure has remained fairly stable over the past two decades.
- PPP adjustment is crucial for accurate cross-country economic comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures Switzerland's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and inform policy decisions. It enables more accurate cross-country comparisons of real incomes and economic output.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to evaluate economic performance and inform policy decisions related to international competitiveness, trade, and living standards.
Q: Are there update delays or limitations?
A: The data is published with a time lag, and may be subject to revisions as more information becomes available.
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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 Switzerland (PGD2USCHA621NUPN), retrieved from FRED.