Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Morocco
PGD2USMAA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.74
Year-over-Year Change
27.81%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures Morocco's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States. 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 PPP-converted GDP per capita ratio compares the output of goods and services produced in Morocco to that of the United States, adjusting for differences in the cost of living. This metric is widely used by economists and policymakers to evaluate the relative economic well-being and development of different countries.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP figures into a common unit.
Historical Context
This indicator is relevant for assessing Morocco's economic performance and competitiveness relative to the U.S. and can inform trade, investment, and development policies.
Key Facts
- Morocco's PPP-converted GDP per capita is approximately 13% of the U.S. level.
- This ratio has remained relatively stable over the past decade.
- Comparing PPP-adjusted GDP per capita provides a more accurate picture of living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Morocco's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the comparative living standards and economic productivity between Morocco and the U.S., which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP figures into a common unit.
Q: How is this trend used in economic policy?
A: This indicator is relevant for assessing Morocco's economic performance and competitiveness relative to the U.S. and can inform trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which may result in some update delays.
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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 Morocco (PGD2USMAA621NUPN), retrieved from FRED.