Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Antigua and Barbuda
PGDPUSAGA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.74
Year-over-Year Change
-2.42%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures Antigua and Barbuda's gross domestic product (GDP) per capita relative to the United States, adjusted for purchasing power parity. It provides insight into the comparative living standards and economic development 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
Purchasing power parity (PPP) is an economic theory that adjusts exchange rates to equalize the purchasing power of different currencies, providing a more accurate comparison of real living standards across countries. This PPP-adjusted GDP per capita metric allows analysts to evaluate Antigua and Barbuda's economic performance and development relative to the United States.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Historical Context
Policymakers and economists use this indicator to assess Antigua and Barbuda's economic competitiveness and living standards compared to the U.S.
Key Facts
- Antigua and Barbuda's GDP per capita is 31.9% of the U.S. level.
- This metric has remained relatively stable over the past decade.
- PPP adjustment is important for cross-country comparisons of living standards.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Antigua and Barbuda's gross domestic product (GDP) per capita relative to the United States, adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted GDP per capita metric allows analysts to evaluate Antigua and Barbuda's economic performance and living standards compared to the United States, providing insight into the relative competitiveness and development of the two economies.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to purchasing power parity conversion.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess Antigua and Barbuda's economic competitiveness and living standards compared to the U.S., which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as it relies on national accounts data and PPP calculations that may not be available in real-time.
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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 Antigua and Barbuda (PGDPUSAGA621NUPN), retrieved from FRED.