Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Benin
PGDPUSBJA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.77
Year-over-Year Change
-5.30%
Date Range
1/1/1959 - 1/1/2010
Summary
This trend measures Benin's GDP per capita relative to the United States, adjusted for purchasing power parity. 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 metric compares the output of goods and services produced in Benin to the U.S., after accounting for differences in the cost of living. This helps economists assess cross-country living standards and productivity.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for price level differences between countries.
Historical Context
This trend is widely used by policymakers, international institutions, and analysts to evaluate economic performance and competitiveness across nations.
Key Facts
- Benin's GDP per capita is around 2% of the U.S. level.
- This metric has declined from 0.0262 in 1990 to 0.0206 in 2021.
- Benin's relative economic output lags many other developing countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Benin's GDP per capita relative to the United States, adjusted for differences in purchasing power and cost of living between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the comparative living standards and economic development between Benin and the U.S., which is useful for policymakers, economists, and international institutions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which adjusts for price level differences between countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, international institutions, and analysts to evaluate economic performance and competitiveness across nations.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not capture the most recent economic conditions in Benin.
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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 Benin (PGDPUSBJA621NUPN), retrieved from FRED.