Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Timor-Leste
PGD2USTLA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.94
Year-over-Year Change
-9.62%
Date Range
1/1/2000 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita in Timor-Leste relative to the United States. It provides insights into the standard of living 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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares the economic output and consumption levels of Timor-Leste to the U.S. by adjusting for differences in price levels. This allows for more accurate cross-country comparisons of living standards and productivity.
Methodology
The data is calculated using the GEKS-CPDW method, which is an internationally recognized approach for determining PPP conversion factors.
Historical Context
This trend is valuable for policymakers, economists, and market analysts assessing the relative economic position and development of Timor-Leste.
Key Facts
- Timor-Leste's GDP per capita is approximately 7% of the U.S. level.
- The PPP conversion adjusts for price differences between the two countries.
- This metric is used to assess relative economic development and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita in Timor-Leste relative to the United States. It provides insights into the standard of living and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is valuable for policymakers, economists, and market analysts assessing the relative economic position and development of Timor-Leste compared to the United States.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which is an internationally recognized approach for determining PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to evaluate the relative standard of living and economic productivity between Timor-Leste and the United States, which informs policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is subject to update delays and potential limitations in cross-country price comparisons, as determining accurate PPP conversion factors can be challenging.
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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 Timor-Leste (PGD2USTLA621NUPN), retrieved from FRED.