Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Cote d`Ivoire
PGDPUSCIA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.11
Year-over-Year Change
-13.52%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted GDP per capita of Cote d'Ivoire relative to the United States. It provides insights into the standard of living and productivity 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 economic output and living standards of Cote d'Ivoire to the U.S. by adjusting for differences in price levels between the countries. This allows for more accurate cross-country comparisons of economic well-being.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which is a type of multilateral purchasing power parity (PPP) comparison.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess relative economic development and competitiveness.
Key Facts
- Cote d'Ivoire's GDP per capita is around 5% of the U.S. level.
- The PPP-adjusted measure accounts for differences in cost of living between countries.
- This metric is used to track relative economic progress and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted GDP per capita of Cote d'Ivoire relative to the United States, providing insights into their comparative living standards and productivity levels.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess relative economic development and competitiveness between countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a type of multilateral purchasing power parity (PPP) comparison.
Q: How is this trend used in economic policy?
A: This metric provides insights into the relative standard of living and productivity between countries, informing economic policies and strategies aimed at promoting development and competitiveness.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions, and there may be limitations in the underlying data sources or methodologies used to calculate the metric.
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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 Cote d`Ivoire (PGDPUSCIA621NUPN), retrieved from FRED.