Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Brazil
PGDPUSBRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.95
Year-over-Year Change
13.59%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures Brazil'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
The Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares the output of goods and services produced per person in Brazil to the same measure in the U.S. This allows for a more accurate assessment of relative living standards and productivity levels between the two economies.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for differences in price levels between countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Key Facts
- Brazil's GDP per capita is currently around 30% of the U.S. level.
- The gap in living standards between Brazil and the U.S. has narrowed over the past two decades.
- Purchasing power parity adjustments are crucial for accurately comparing economic output across countries with different price levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures Brazil's gross domestic product (GDP) per capita relative to the United States, adjusted for differences in purchasing power between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the comparative living standards and economic development between Brazil and the U.S., which is crucial for policymakers, international organizations, and economists analyzing global economic performance.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which adjusts for differences in price levels between countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries, informing policy decisions and global development strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions, and may have a delay of several months compared to the most recent economic conditions.
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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 Brazil (PGDPUSBRA621NUPN), retrieved from FRED.