Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Zambia
PGD2USZMA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.22
Year-over-Year Change
101.29%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic trend measures Zambia's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and productivity levels 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-adjusted GDP per capita metric accounts for differences in price levels between countries, offering a more accurate comparison of economic well-being than market exchange rates alone. This data point is widely used by economists, policymakers, and international organizations to assess global development and inform policy decisions.
Methodology
The data is calculated using the Geary-Khamis method, a multilateral PPP system.
Historical Context
This trend is relevant for evaluating Zambia's economic performance and competitiveness within the global economy.
Key Facts
- Zambia's PPP-adjusted GDP per capita is currently 5.3% of the U.S. level.
- This metric has increased by 2.1 percentage points over the past decade.
- Zambia ranks 148th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Zambia's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and productivity levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This data point is widely used by economists, policymakers, and international organizations to assess global development and inform policy decisions related to economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis method, a multilateral PPP system.
Q: How is this trend used in economic policy?
A: This trend is relevant for evaluating Zambia's economic performance and competitiveness within the global economy, which can inform policy decisions aimed at promoting economic growth and development.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the underlying sources, which may result in occasional update delays.
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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 Zambia (PGD2USZMA621NUPN), retrieved from FRED.