Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Iraq
PGD2USIQA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.10
Year-over-Year Change
14.01%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita in Iraq relative to the United States. 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 PPP-converted GDP per capita relative to the U.S. is a key indicator for assessing a country's economic performance and standard of living in relation to the world's largest economy. It accounts for differences in price levels between countries, offering a more accurate comparison than market exchange rates.
Methodology
The data is calculated using the GEKS-CPDW method, which adjusts for differences in consumption patterns across countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic convergence and inform policy decisions.
Key Facts
- Iraq's PPP-converted GDP per capita is approximately 10% of the U.S. level.
- The trend has shown gradual improvement since the early 2000s.
- Relative income levels are a key factor in international trade and investment decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita in Iraq relative to the United States, providing insights into the comparative living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita relative to the U.S. is a widely used indicator for assessing a country's economic performance and standard of living in relation to the world's largest economy, accounting for differences in price levels between countries.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which adjusts for differences in consumption patterns across countries.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate economic convergence and inform policy decisions related to trade, investment, and development.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may have limitations in coverage or accuracy due to the complexity of international comparisons.
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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 Iraq (PGD2USIQA621NUPN), retrieved from FRED.