Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Mauritius
PGD2USMUA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.26
Year-over-Year Change
10.44%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Mauritius' purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the standard of living and economic development of Mauritius compared to the U.S.
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 productivity and living standards between countries by adjusting for differences in prices and cost of living. This helps economists and policymakers evaluate the relative strength of national economies.
Methodology
The data is calculated using the OECD's GEKS-CPDW method to convert GDP per capita to a common international currency and price level.
Historical Context
This metric is widely used to analyze international competitiveness, make cross-country comparisons, and inform economic and trade policies.
Key Facts
- Mauritius' PPP-adjusted GDP per capita was 46.4% of the U.S. level in 2020.
- This metric has trended upward over the past two decades as Mauritius' economy has grown.
- Mauritius is an upper-middle income country according to the World Bank.
FAQs
Q: What does this economic trend measure?
A: This metric measures Mauritius' GDP per capita adjusted for differences in purchasing power and cost of living, relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This provides a more accurate comparison of living standards and economic development between Mauritius and the U.S. than using nominal exchange rates.
Q: How is this data collected or calculated?
A: The data is calculated using the OECD's GEKS-CPDW method to convert GDP per capita to a common international currency and price level.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze international competitiveness, make cross-country comparisons, and inform economic and trade policies.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the underlying GDP and price level data can take time to collect and publish.
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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 Mauritius (PGD2USMUA621NUPN), retrieved from FRED.