Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Portugal
PGD2USPTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.24
Year-over-Year Change
-1.85%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Portugal's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic productivity 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 output and purchasing power of economies, adjusting for differences in price levels. This metric is widely used by economists and policymakers to analyze international competitiveness, development, and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to ensure consistent international comparisons.
Historical Context
This trend is relevant for assessing Portugal's economic performance and convergence with more developed economies like the United States.
Key Facts
- Portugal's PPP-adjusted GDP per capita is around 60% of the U.S. level.
- This ratio has gradually increased over the past two decades, indicating some economic convergence.
- The PPP adjustment accounts for differences in the cost of living between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Portugal's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita ratio is widely used by economists and policymakers to analyze international competitiveness, development, and living standards. It is relevant for assessing Portugal's economic performance and convergence with more developed economies like the United States.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to ensure consistent international comparisons.
Q: How is this trend used in economic policy?
A: This trend is relevant for markets, economists, and policymakers assessing Portugal's economic performance and convergence with more developed economies like the United States.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the World Bank's international comparisons program.
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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 Portugal (PGD2USPTA621NUPN), retrieved from FRED.