Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Cameroon
PGD2USCMA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.44
Year-over-Year Change
3.05%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures Cameroon's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the relative economic development and standard of living 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 an important metric for comparing the economic output and living standards across countries. It accounts for differences in price levels, allowing for more accurate international comparisons than using market exchange rates.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Historical Context
This trend is widely used by economists, policymakers, and analysts to evaluate a country's economic performance and competitiveness.
Key Facts
- Cameroon's PPP-converted GDP per capita is around 6% of the US level.
- This trend has remained relatively stable over the past decade.
- Cameroon is classified as a lower-middle income country by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures Cameroon's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides a way to compare the economic output and living standards between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating a country's economic performance and competitiveness. It allows for more accurate international comparisons than using market exchange rates alone.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and analysts to assess a country's economic development and living standards relative to other nations. It informs decision-making on trade, investment, and development policies.
Q: Are there update delays or limitations?
A: There may be delays in data availability, as the World Bank collects and publishes this information on an annual basis. Additionally, the PPP conversion process relies on certain assumptions and methodologies that can impact the comparability of the data across countries and over time.
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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 Cameroon (PGD2USCMA621NUPN), retrieved from FRED.