Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for China
PGDPU2CNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.89
Year-over-Year Change
145.67%
Date Range
1/1/1952 - 1/1/2010
Summary
This trend measures China's purchasing power parity (PPP) converted GDP per capita relative to the United States, using the Geary-Khamis (G-K) method at current prices. It provides insights into the comparative economic well-being of 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 ratio compares the overall economic productivity and living standards between China and the U.S. by adjusting for differences in price levels across the two countries. The G-K method is a widely used approach for these cross-country comparisons.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity survey information.
Historical Context
This metric informs economic analysis, policy decisions, and market assessments related to the two largest global economies.
Key Facts
- China's PPP-converted GDP per capita is around 25% of the U.S. level.
- China's relative economic productivity has increased significantly over the past two decades.
- PPP adjustments are crucial for accurate cross-country living standard comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures China's purchasing power parity (PPP) converted GDP per capita relative to the United States, using the Geary-Khamis (G-K) method at current prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the comparative economic well-being and productivity between the two largest global economies, informing analysis, policy, and market assessments.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity survey information.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and market participants to analyze the relative economic performance and living standards between China and the United States.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying national accounts and purchasing power parity survey information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for China (PGDPU2CNA621NUPN), retrieved from FRED.