Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Fiji
PGD2USFJA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.59
Year-over-Year Change
-0.12%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Fiji's purchasing power parity (PPP) adjusted GDP per capita relative to the United States. It provides insight into the comparative living standards and 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 ratio compares the output and living standards of different economies by adjusting for price level differences. This metric is widely used by economists and policymakers to evaluate international competitiveness and development.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method to convert GDP per capita to comparable international dollars.
Historical Context
This trend is relevant for analyzing Fiji's economic performance and assessing its convergence with advanced economies.
Key Facts
- Fiji's PPP-adjusted GDP per capita was 21% of the U.S. level in 2021.
- The PPP ratio has remained relatively stable over the past decade.
- Fiji's economy is heavily dependent on tourism, which was disrupted by the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures Fiji's purchasing power parity (PPP) adjusted GDP per capita relative to the United States. It provides a comparative assessment of living standards and productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita ratio is a widely used metric for evaluating international competitiveness and development. It allows economists and policymakers to better understand Fiji's economic performance and convergence with advanced economies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method to convert GDP per capita to comparable international dollars.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing Fiji's economic performance and assessing its convergence with advanced economies. Policymakers and analysts use it to evaluate international competitiveness and inform development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying GDP per capita and purchasing power parity estimates provided by the World Bank.
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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 Fiji (PGD2USFJA621NUPN), retrieved from FRED.