Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Germany
PGD2USDEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.27
Year-over-Year Change
2.77%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Germany'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.
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 U.S. trend calculates Germany's GDP per capita in international dollars, adjusted for differences in purchasing power. This allows for more accurate cross-country comparisons of living standards and economic development.
Methodology
The data is calculated using the GEKS-CPDW method, which is a multilateral PPP index approach.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess relative economic performance and competitiveness.
Key Facts
- Germany's PPP-adjusted GDP per capita is around 75% of the U.S. level.
- The trend has remained relatively stable over the past decade.
- Differences in PPP-adjusted GDP per capita reflect variations in productivity and cost of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures Germany'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 trend is widely used by economists, policymakers, and international organizations to assess relative economic performance and competitiveness between Germany and the United States.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which is a multilateral PPP index approach.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate and compare the relative economic well-being and productivity levels between Germany and the United States, which informs decision-making and policy discussions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be some time lags in availability compared to more frequently published economic indicators.
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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 Germany (PGD2USDEA621NUPN), retrieved from FRED.