Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Nepal
PGD2USNPA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
36.83%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Nepal's Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita relative to the United States. It provides insights into the standard of living and economic development in Nepal 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 adjusts GDP per capita data to account for differences in purchasing power across countries. This allows for more accurate comparisons of economic well-being and standards of living between Nepal and the U.S.
Methodology
The data is calculated using the GEKS-CPDW method, which compares price levels and volumes across countries.
Historical Context
This trend is valuable for economists, policymakers, and market analysts to evaluate Nepal's economic performance and development relative to the U.S.
Key Facts
- Nepal's GDP per capita is around 6% of the U.S. level.
- The PPP adjustment accounts for differences in price levels between the two countries.
- This metric provides a more accurate comparison of living standards than using nominal exchange rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures Nepal'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 allows for more accurate comparisons of economic well-being and standards of living between Nepal and the U.S., which is valuable for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which compares price levels and volumes across countries.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate Nepal's economic performance and development relative to the U.S., which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be update delays or limitations inherent in the data collection and calculation methodology.
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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 Nepal (PGD2USNPA621NUPN), retrieved from FRED.