Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Costa Rica
PGDPUSCRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.88
Year-over-Year Change
10.43%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita of Costa Rica relative to the United States. It provides 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
The PPP-converted GDP per capita ratio compares the output per person in Costa Rica to that of the United States, adjusting for differences in the cost of living between the countries. This metric is widely used by economists and policymakers to evaluate comparative economic performance and development.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Historical Context
This trend is relevant for analyzing trade, investment, and economic policy decisions between Costa Rica and the United States.
Key Facts
- Costa Rica's PPP-converted GDP per capita was 39.3% of the U.S. level in 2021.
- This ratio has increased from 29.1% in 1990, indicating relative economic convergence.
- The G-K method accounts for differences in price levels between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita of Costa Rica relative to the United States. It provides insights into the comparative standard of living and productivity levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate comparative economic performance and development between countries. It informs trade, investment, and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing trade, investment, and economic policy decisions between Costa Rica and the United States.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential revisions of the U.S. Federal Reserve's FRED database.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Eritrea
PGD2USERA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Cameroon
PGD2USCMA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Zimbabwe
PGD2USZWA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Cambodia
PGDPUSKHA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Burkina Faso
PGDPUSBFA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Poland
PGD2USPLA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Costa Rica (PGDPUSCRA621NUPN), retrieved from FRED.