Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Brunei
PGDPUSBNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.12
Year-over-Year Change
77.96%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Brunei measures the economic output per person in Brunei compared to the United States. This provides important insights into the relative standard of living and productivity levels 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
This economic indicator compares the real GDP per capita of Brunei to that of the United States, adjusting for differences in purchasing power. It is a useful metric for evaluating the relative economic development and living standards between countries.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which converts GDP to a common currency and adjusts for price level differences.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess comparative economic performance and make informed decisions.
Key Facts
- Brunei's GDP per capita is currently 86% of the U.S. level.
- Brunei's economy is heavily dependent on oil and gas exports.
- The G-K method is a widely used approach for international GDP comparisons.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Brunei's GDP per capita relative to the United States, adjusted for differences in purchasing power. It provides insights into the comparative economic development and living standards between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for economists, policymakers, and international organizations to assess and compare the relative economic performance and living standards between countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which converts GDP to a common currency and adjusts for price level differences.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate comparative economic development and make informed decisions about trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the relevant statistical agencies, and may have some lag compared to more frequently updated 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 Brunei (PGDPUSBNA621NUPN), retrieved from FRED.