Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Trinidad and Tobago
PGD2USTTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.58
Year-over-Year Change
68.88%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Trinidad and Tobago, 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 PPP-converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of economic output and living standards. This data series is a valuable tool for economists and policymakers in analyzing economic performance and development.
Methodology
The data is calculated using the GEKS-CPDW method, which combines multilateral price and quantity comparisons.
Historical Context
This trend is widely used to inform economic policy decisions and international economic analysis.
Key Facts
- Trinidad and Tobago's GDP per capita is approximately 45% of the U.S. level.
- The PPP adjustment accounts for differences in the cost of living between the two countries.
- This metric is a valuable tool for cross-country comparisons of economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Trinidad and Tobago, 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: The PPP-converted GDP per capita metric is a valuable tool for economists and policymakers in analyzing economic performance and development between countries, as it adjusts for differences in price levels to enable more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which combines multilateral price and quantity comparisons.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform economic policy decisions and international economic analysis, providing insights into the relative economic standing and living standards of Trinidad and Tobago compared to the United States.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying economic indicators used in the GEKS-CPDW calculation, which may result in occasional update delays or limitations.
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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 Trinidad and Tobago (PGD2USTTA621NUPN), retrieved from FRED.