Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Spain
PGDPUSESA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.17
Year-over-Year Change
3.81%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures Spain's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic 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 PPP-converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of economic output and living standards. This trend is a key indicator used by economists and policymakers to analyze international competitiveness and convergence.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a widely adopted PPP estimation technique.
Historical Context
Trends in this metric are closely monitored for their implications on trade, investment, and economic policy.
Key Facts
- Spain's GDP per capita is around 90% of the U.S. level.
- Spain's relative GDP per capita has remained stable over the past decade.
- PPP-adjusted metrics are crucial for cross-country economic comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures Spain's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: Trends in this metric are closely monitored for their implications on trade, investment, and economic policy. The PPP-converted GDP per capita metric allows for more accurate cross-country comparisons of economic output and living standards.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely adopted PPP estimation technique.
Q: How is this trend used in economic policy?
A: This trend is a key indicator used by economists and policymakers to analyze international competitiveness and convergence, with implications for trade, investment, and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in publication due to the complex methodology involved in calculating purchasing power parity.
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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 Spain (PGDPUSESA621NUPN), retrieved from FRED.