Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Japan
PGD2USJPA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.42
Year-over-Year Change
-6.70%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures Japan's gross domestic product (GDP) per capita relative to the United States, adjusted for purchasing power parity. It provides insights into the comparative living standards and economic 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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares the economic output and living standards of Japan to the U.S. by accounting for differences in the cost of living and exchange rates. This allows for more accurate cross-country comparisons of economic well-being.
Methodology
The data is calculated by the OECD using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate relative economic performance and inform policy decisions.
Key Facts
- Japan's GDP per capita is currently 74% of the U.S. level.
- Purchasing power parity adjustment accounts for cost of living differences.
- This metric provides insight into relative economic productivity and standards of living.
FAQs
Q: What does this economic trend measure?
A: This metric measures Japan's gross domestic product (GDP) per capita relative to the United States, adjusted for differences in purchasing power and cost of living.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the comparative economic performance and living standards between Japan and the United States, which is useful for policymakers, economists, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
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 inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some delay in data availability, as the OECD collects and processes information from various national sources.
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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 Japan (PGD2USJPA621NUPN), retrieved from FRED.