Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Namibia
PGD2USNAA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.94
Year-over-Year Change
37.98%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Namibia's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards 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 ratio compares the overall economic output and prosperity of Namibia to the United States, adjusting for differences in price levels between the countries. This metric is widely used by economists and policymakers to assess international competitiveness and living standards.
Methodology
The data is calculated using the Geary-Khamis method to convert GDP from local currency to a common unit based on purchasing power parity.
Historical Context
This trend is relevant for evaluating Namibia's economic development and competitiveness in global markets.
Key Facts
- Namibia's PPP-converted GDP per capita is 24% of the U.S. level.
- The ratio has remained relatively stable over the past decade.
- Namibia's economy is dominated by mining, agriculture, and tourism.
FAQs
Q: What does this economic trend measure?
A: This trend measures Namibia's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides a way to compare the overall economic output and living standards between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess international competitiveness and living standards. It helps evaluate Namibia's economic development and competitiveness in global markets.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis method to convert GDP from local currency to a common unit based on purchasing power parity.
Q: How is this trend used in economic policy?
A: This trend is relevant for evaluating Namibia's economic development and competitiveness in global markets, which can inform policymakers and analysts on economic and trade policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and revisions of the underlying GDP and PPP statistics, which may result in update delays or revisions to previously published values.
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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 Namibia (PGD2USNAA621NUPN), retrieved from FRED.