Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Guinea-Bissau
PGD2USGWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.97
Year-over-Year Change
3.75%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Guinea-Bissau's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It is a key indicator of a country's economic development and living standards compared to the global superpower.
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 United States metric allows for cross-country comparisons of living standards and economic productivity. It accounts for price level differences between countries, providing a more accurate assessment of relative welfare than market exchange rates.
Methodology
The data is calculated using the Geary-Khamis (GEKS-CPDW) method, which adjusts for differences in price levels across countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and inform development strategies.
Key Facts
- Guinea-Bissau's PPP GDP per capita is approximately 2% of the U.S. level.
- This trend has shown modest improvement over the past decade.
- Relative to other West African nations, Guinea-Bissau's economic output per person remains low.
FAQs
Q: What does this economic trend measure?
A: This trend measures Guinea-Bissau's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides a standardized comparison of living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Guinea-Bissau's economic development and living standards in relation to the global economic superpower, the United States. It informs policy decisions and analyses of the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (GEKS-CPDW) method, which adjusts for differences in price levels across countries to provide a more accurate comparison of economic output and living standards.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Guinea-Bissau's economic performance, inform development strategies, and make cross-country comparisons of living standards and productivity.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the calculations require extensive international price and economic data. Additionally, the PPP methodology has some inherent limitations in capturing all aspects of living standards.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Syria
PGD2USSYA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Botswana
PGDPUSBWA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Portugal
PGD2USPTA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for the Gambia
PGDPUSGMA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Argentina
PGDPUSARA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Bahrain
PGD2USBHA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Guinea-Bissau (PGD2USGWA621NUPN), retrieved from FRED.