Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Chile
PGDPUSCLA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.27
Year-over-Year Change
56.62%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic indicator measures Chile's Gross Domestic Product (GDP) per capita adjusted for differences in purchasing power relative to the United States. It provides insights into the relative standard of living 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 compares the value of goods and services produced in Chile to that of the U.S., adjusting for variations in price levels. This allows for more accurate cross-country comparisons of economic output and living standards.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Key Facts
- Chile's GDP per capita is approximately 45% of the U.S. level.
- PPP conversion adjusts for cost-of-living differences between countries.
- The G-K method is a widely-used approach for multilateral PPP comparisons.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Chile's Gross Domestic Product (GDP) per capita adjusted for differences in purchasing power relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic output between Chile and the U.S. by accounting for variations in price levels across the two countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to purchasing power parity (PPP) conversion.
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.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may have limitations in capturing short-term economic changes due to the multilateral PPP conversion methodology.
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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 Chile (PGDPUSCLA621NUPN), retrieved from FRED.