Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for El Salvador
PGD2USSVA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.27
Year-over-Year Change
2.32%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita of El Salvador relative to the United States. It is an important indicator of a country's standard of living and economic development.
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 relative to the U.S. provides a standardized measure to compare living standards across countries. It adjusts for differences in price levels, allowing more accurate assessments of real income and productivity.
Methodology
The data is calculated using the Geary-Khamis method to derive PPP conversion factors.
Historical Context
This metric is widely used by policymakers, economists, and international institutions to analyze economic performance and competitiveness.
Key Facts
- El Salvador's GDP per capita is about 25% of the U.S. level.
- The PPP-adjusted measure accounts for cost-of-living differences.
- This indicator tracks a country's economic progress over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita of El Salvador relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare living standards and economic development across countries, adjusting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis method to derive PPP conversion factors.
Q: How is this trend used in economic policy?
A: This indicator is widely used by policymakers, economists, and international institutions to analyze economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological decisions of the compiling institutions.
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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 El Salvador (PGD2USSVA621NUPN), retrieved from FRED.