Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Djibouti
PGD2USDJA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.22
Year-over-Year Change
7.83%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Djibouti's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic development of Djibouti.
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. is a widely used metric for evaluating international economic performance and standards of living. It accounts for differences in price levels across countries to enable more accurate cross-country comparisons.
Methodology
The data is calculated using the GEKS-CPDW method, which adjusts for changes in price levels and exchange rates.
Historical Context
This trend is valuable for policymakers, analysts, and investors seeking to understand Djibouti's economic position relative to the global superpower, the United States.
Key Facts
- Djibouti's PPP-converted GDP per capita is significantly lower than the U.S.
- The trend has shown modest improvement over the past decade.
- Djibouti's economy is heavily dependent on port services and military bases.
FAQs
Q: What does this economic trend measure?
A: This trend measures Djibouti's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic development of Djibouti.
Q: Why is this trend relevant for users or analysts?
A: This trend is valuable for policymakers, analysts, and investors seeking to understand Djibouti's economic position relative to the global superpower, the United States.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which adjusts for changes in price levels and exchange rates.
Q: How is this trend used in economic policy?
A: This trend provides insights into the comparative living standards and economic development of Djibouti, which is useful for policymakers and analysts evaluating the country's economic performance and potential.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have some delays in reporting.
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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 Djibouti (PGD2USDJA621NUPN), retrieved from FRED.