Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Egypt
PGDPUSEGA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.31
Year-over-Year Change
23.23%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Egypt's purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita relative to the United States. It provides insights 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 PPP-converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of living standards and economic well-being. This series uses the Geary-Khamis (G-K) method to calculate the relative PPP ratio.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity survey information.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to assess economic performance and living standards across countries.
Key Facts
- Egypt's PPP-adjusted GDP per capita is around 16% of the U.S. level.
- Egypt's relative economic position has improved over the past two decades.
- PPP adjustments are critical for accurate cross-country living standard comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures Egypt's purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita relative to the United States. It provides insights into the comparative living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international institutions to assess economic performance and living standards across countries. It allows for more accurate cross-country comparisons by accounting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity survey information.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate the comparative economic development and living standards between countries, which informs policy decisions and international cooperation.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank's purchasing power parity surveys, which can result in occasional update delays.
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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 Egypt (PGDPUSEGA621NUPN), retrieved from FRED.