Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Barbados
PGDPUSBBA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.77
Year-over-Year Change
-17.20%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Barbados' Gross Domestic Product (GDP) per capita relative to the United States, adjusted for differences in purchasing power. 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 (PPP) Converted GDP Per Capita Relative to the United States metric allows for cross-country comparisons of economic output and living standards by accounting for price level differences. It is a widely used indicator for evaluating the relative economic performance and development of nations.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which considers differences in price levels between countries.
Historical Context
This trend is valuable for policymakers, economists, and investors analyzing the comparative economic competitiveness and growth potential of Barbados relative to the United States.
Key Facts
- Barbados' GDP per capita is currently 35% of the U.S. level.
- The PPP-adjusted metric accounts for cost-of-living differences between countries.
- This trend is a valuable indicator of relative economic performance and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Barbados' Gross Domestic Product (GDP) per capita relative to the United States, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita metric allows for more accurate cross-country comparisons of economic output and living standards, providing valuable insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which considers differences in price levels between countries.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to analyze the comparative economic competitiveness and growth potential of Barbados relative to the United States.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a delay in availability compared to other economic indicators.
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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 Barbados (PGDPUSBBA621NUPN), retrieved from FRED.