Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Estonia
PGD2USEEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.30
Year-over-Year Change
64.73%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic indicator measures Estonia's GDP per capita relative to the United States, adjusted for purchasing power parity. 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 GDP per capita of Estonia to that of the U.S., factoring in differences in price levels between the countries. This allows for more accurate assessments of economic well-being and productivity.
Methodology
The data is calculated using the GEKS-CPDW method, which combines multiple price comparisons to derive purchasing power parities.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate relative economic performance and living standards across countries.
Key Facts
- Estonia's GDP per capita is approximately 75% of the U.S. level.
- The metric has increased steadily over the past two decades as Estonia's economy has converged toward Western European standards.
- Purchasing power parity adjustment is crucial for accurate cross-country comparisons of living standards.
FAQs
Q: What does this economic trend measure?
A: This metric measures Estonia's GDP per capita relative to the United States, adjusted for differences in purchasing power and price levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the comparative economic development and living standards between Estonia and the U.S., enabling more accurate assessments of relative prosperity and productivity.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which combines multiple price comparisons to derive purchasing power parities.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate relative economic performance and living standards across countries, informing policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the most recent data, and the metric may not fully capture all aspects of economic well-being or account for other socioeconomic factors.
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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 Estonia (PGD2USEEA621NUPN), retrieved from FRED.