Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Peru
PGD2USPEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.25
Year-over-Year Change
54.29%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Peru's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the standard of living and economic development in Peru 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 PPP-converted GDP per capita ratio compares the economic output and purchasing power of countries, adjusting for differences in price levels. This metric is widely used by economists and policymakers to analyze international competitiveness and living standards.
Methodology
The data is calculated using the Geary-Khamis (GEKS-CPDW) method based on national accounts and price information.
Historical Context
This trend offers crucial context for assessing Peru's economic performance and guiding trade, investment, and development policies.
Key Facts
- Peru's PPP-converted GDP per capita is about 30% of the U.S. level.
- This ratio has gradually increased over the past two decades.
- Comparing PPP-adjusted GDP helps account for cost-of-living differences between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Peru's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the standard of living and economic development in Peru compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze international competitiveness and living standards, offering crucial context for assessing Peru's economic performance and guiding trade, investment, and development policies.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (GEKS-CPDW) method based on national accounts and price information.
Q: How is this trend used in economic policy?
A: This trend offers crucial context for assessing Peru's economic performance and guiding trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update delays and limitations associated with national accounts and price information.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Afghanistan
PGDPUSAFA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Equatorial Guinea
PGDPUSGQA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Malawi
PGD2USMWA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Bangladesh
PGDPUSBDA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Australia
PGD2USAUA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Marshall Islands
PGD2USMHA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Peru (PGD2USPEA621NUPN), retrieved from FRED.