Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Armenia
PGDPUSAMA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.75
Year-over-Year Change
128.13%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted gross domestic product per capita in Armenia relative to the United States. It provides insights 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
The purchasing power parity converted GDP per capita relative to the United States is an important indicator for assessing the comparative economic well-being and productivity of different countries. It adjusts for differences in price levels to enable more accurate cross-country comparisons of living standards.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which is a widely-used approach for determining purchasing power parities.
Historical Context
This trend is useful for policymakers, economists, and market analysts to evaluate economic performance and competitiveness across countries.
Key Facts
- Armenia's GDP per capita is about 30% of the U.S. level.
- The G-K method adjusts for price differences between countries.
- This trend provides insight into relative economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted gross domestic product per capita in Armenia relative to the United States. It allows for more accurate comparisons of living standards between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating the comparative economic performance and competitiveness of different countries, providing insights into their relative living standards and development levels.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely-used approach for determining purchasing power parities.
Q: How is this trend used in economic policy?
A: This trend is useful for policymakers, economists, and market analysts to assess economic performance and competitiveness across countries, informing decision-making and policy.
Q: Are there update delays or limitations?
A: There may be some time lags in the availability of the most recent data, and the methodology used to calculate purchasing power parities can have certain limitations.
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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 Armenia (PGDPUSAMA621NUPN), retrieved from FRED.