Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Cyprus
PGD2USCYA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.64
Year-over-Year Change
7.13%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted GDP per capita in Cyprus relative to the United States. 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 output and income levels of Cyprus to the U.S. by adjusting for differences in price levels, allowing for more accurate cross-country comparisons.
Methodology
The data is calculated using the GEKS-CPDW method, which combines price and quantity information to derive multilateral purchasing power parities.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess the relative economic performance and competitiveness of different countries.
Key Facts
- Cyprus's GDP per capita is around 75% of the U.S. level.
- The metric has declined from a high of 80% in the early 2000s.
- Relative living standards can impact trade, investment, and migration flows.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted GDP per capita in Cyprus relative to the United States, providing insights into the comparative living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and investors to assess the relative economic performance and competitiveness of different countries, which can impact trade, investment, and migration flows.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which combines price and quantity information to derive multilateral purchasing power parities.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to compare the living standards and economic development of Cyprus relative to the United States, informing decisions on trade, investment, and economic policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be delays in reporting due to the complexity of the calculations involved.
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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 Cyprus (PGD2USCYA621NUPN), retrieved from FRED.