Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for St.Vincent and Grenadines
PGD2USVCA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.54
Year-over-Year Change
23.86%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted GDP per capita for St. Vincent and Grenadines 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 comparisons of economic output and living standards. This trend is a key indicator used by economists and policymakers to assess a country's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to convert GDP to a common currency.
Historical Context
This metric is widely referenced in international economic analyses and policy discussions.
Key Facts
- St. Vincent and Grenadines' PPP-adjusted GDP per capita is around 18% of the U.S. level.
- This metric has trended upward over the past two decades, indicating gradual economic convergence.
- GDP per capita is a widely used proxy for overall living standards and economic development.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted GDP per capita for St. Vincent and Grenadines relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the comparative living standards and economic productivity between St. Vincent and Grenadines and the U.S., which is useful for economists and policymakers assessing international economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to convert GDP to a common currency.
Q: How is this trend used in economic policy?
A: This metric is widely referenced in international economic analyses and policy discussions, as it allows for more accurate comparisons of economic output and living standards between countries.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the World Bank collects and processes this information from national statistical agencies.
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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 St.Vincent and Grenadines (PGD2USVCA621NUPN), retrieved from FRED.