Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Dominican Republic
PGDPUSDOA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.91
Year-over-Year Change
33.42%
Date Range
1/1/1951 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per capita of the Dominican Republic relative to the United States. It provides insights into the economic productivity and living standards 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 of goods and services produced in the Dominican Republic to the United States, adjusted for differences in price levels. This metric is useful for evaluating comparative economic development and living standards between countries.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which accounts for price differences across a broad basket of goods and services.
Historical Context
This trend is relevant for policymakers, investors, and economists analyzing cross-country economic performance and competitiveness.
Key Facts
- The Dominican Republic's GDP per capita is approximately 29% of the U.S. level.
- This metric has increased from 25% in 2000 to 29% in 2020.
- The G-K method accounts for differences in the cost of living between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita of the Dominican Republic relative to the United States. It provides insights into the economic productivity and living standards between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for evaluating comparative economic development and living standards between countries, which is relevant for policymakers, investors, and economists analyzing cross-country economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which accounts for price differences across a broad basket of goods and services.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, investors, and economists analyzing cross-country economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the U.S. Federal Reserve's FRED database.
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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 Dominican Republic (PGDPUSDOA621NUPN), retrieved from FRED.