Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Mali
PGD2USMLA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.51
Year-over-Year Change
11.38%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Mali's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the standard of living and productivity levels 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 an important indicator for cross-country comparisons of economic development and living standards. It adjusts for differences in price levels between countries to enable more accurate assessments of real income and productivity.
Methodology
The data is calculated using the Geary-Khamis-CPRD-Weighted (GEKS-CPDW) method.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and inform policy decisions.
Key Facts
- Mali's PPP-converted GDP per capita is approximately 3.5% of the U.S. level.
- This ratio has remained relatively stable over the past decade.
- Comparing PPP-adjusted incomes is crucial for assessing global inequality.
FAQs
Q: What does this economic trend measure?
A: This trend measures Mali's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the standard of living and productivity levels 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 an important indicator for cross-country comparisons of economic development and living standards. It enables more accurate assessments of real income and productivity between countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-CPRD-Weighted (GEKS-CPDW) method.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and inform policy decisions related to development, trade, and international comparisons.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may have limitations due to the complexities of cross-country price comparisons.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Guyana
PGD2USGYA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Indonesia
PGDPUSIDA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Somalia
PGDPUSSOA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Norway
PGD2USNOA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Austria
PGD2USATA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Honduras
PGDPUSHNA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Mali (PGD2USMLA621NUPN), retrieved from FRED.