Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Thailand
PGD2USTHA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.98
Year-over-Year Change
28.38%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures Thailand'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 metric adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of material living standards. This trend is a valuable tool for economists and policymakers to assess Thailand's economic development and competitiveness.
Methodology
The data is calculated using the GEKS-CPDW method, which combines price and volume measures to derive internationally comparable GDP per capita figures.
Historical Context
This trend is widely used to inform macroeconomic analysis, foreign investment decisions, and policy discussions related to trade and development.
Key Facts
- Thailand's GDP per capita is around 30% of the U.S. level on a PPP-adjusted basis.
- Thailand's relative economic productivity has improved over the past two decades.
- PPP adjustments are crucial for accurate cross-country living standard comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures Thailand's GDP per capita on a purchasing power parity (PPP) basis, relative to the United States. It provides a more accurate comparison of living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Thailand's economic development and competitiveness compared to the U.S. It informs macroeconomic analysis, investment decisions, and policy discussions related to trade and living standards.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which combines price and volume measures to derive internationally comparable GDP per capita figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Thailand's economic development, inform trade and investment decisions, and make cross-country comparisons of living standards and productivity.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the latest data, as the PPP-adjusted GDP per capita figures require extensive international collaboration and data collection.
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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 Thailand (PGD2USTHA621NUPN), retrieved from FRED.