Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Romania
PGD2USROA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.94
Year-over-Year Change
74.48%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Romania's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the standard of living and economic development of Romania 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 evaluates the level of a country's economic output and development by adjusting for differences in price levels between Romania and the U.S. This allows for more accurate cross-country comparisons of living standards and productivity.
Methodology
The data is calculated using the GEKS-CPDW method based on price and expenditure information.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to assess economic performance and competitiveness.
Key Facts
- Romania's PPP-adjusted GDP per capita is around 42% of the U.S. level.
- This metric has increased from 37% in 2010 to 42% in 2020, indicating gradual economic convergence.
- The data is updated annually by the World Bank and Penn World Table.
FAQs
Q: What does this economic trend measure?
A: This trend measures Romania's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the standard of living and economic development of Romania compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international institutions to assess economic performance and competitiveness between countries. It allows for more accurate cross-country comparisons of living standards and productivity.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method based on price and expenditure information.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the relative economic development and living standards of Romania compared to the United States, informing economic and social policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank and Penn World Table. There may be some delay in the most recent year's data being available.
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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 Romania (PGD2USROA621NUPN), retrieved from FRED.