Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for St. Lucia
PGD2USLCA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.48
Year-over-Year Change
-13.82%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for St. Lucia relative to the United States. It provides insight 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 United States is an important metric used by economists and policymakers to assess a country's economic performance and living standards in relation to the U.S. benchmark. It accounts for differences in price levels between countries to enable more accurate cross-country comparisons.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to determine PPP conversion factors.
Historical Context
This trend is widely referenced in international economic analysis and policy discussions.
Key Facts
- St. Lucia's PPP-converted GDP per capita is around 31% of the U.S. level.
- This trend has remained relatively stable over the past decade.
- The PPP adjustment is crucial for meaningful cross-country economic comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for St. Lucia relative to the United States. It provides a standardized comparison of living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international institutions to assess comparative economic performance and living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to determine PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is referenced in international economic analysis and policy discussions to inform decisions on trade, investment, and development initiatives.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture short-term fluctuations in exchange rates or price levels.
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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 St. Lucia (PGD2USLCA621NUPN), retrieved from FRED.