Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for United States
PGD2USUSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
0.00%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted GDP per capita of the United States relative to other countries, providing insights into comparative living standards and economic productivity.
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 standard of living and economic output across nations by adjusting for differences in price levels. This allows for more accurate cross-country comparisons than using exchange rates alone.
Methodology
The data is calculated using the GEKS-CPDW method, which combines price and volume data to derive purchasing power parities.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess economic performance and living standards globally.
Key Facts
- The US has the highest GDP per capita among G7 nations.
- China's GDP per capita is around 30% of the US level.
- GDP per capita varies significantly across countries and regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted GDP per capita of the United States relative to other countries, providing insights into comparative living standards and economic productivity.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess economic performance and living standards globally, allowing for more accurate cross-country comparisons than using exchange rates alone.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which combines price and volume data to derive purchasing power parities.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate comparative economic performance and living standards, informing decisions on trade, development, and international economic policy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be lags in availability compared to some other economic indicators.
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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 United States (PGD2USUSA621NUPN), retrieved from FRED.