Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Ethiopia
PGDPUSETA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.75
Year-over-Year Change
53.91%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Ethiopia's Gross Domestic Product (GDP) per capita relative to the United States, adjusted for purchasing power parity. 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 Purchasing Power Parity (PPP) Converted GDP Per Capita Relative to the United States metric compares the output of goods and services produced in Ethiopia to that of the U.S., while accounting for differences in prices and exchange rates. This allows for more accurate cross-country comparisons of living standards and productivity.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which is a multilateral approach to measuring international prices and volumes.
Historical Context
This trend is useful for policymakers, economists, and investors to assess Ethiopia's economic performance and competitiveness relative to the U.S.
Key Facts
- Ethiopia's GDP per capita is approximately 5% of the U.S. level.
- The PPP-adjusted metric provides a more accurate comparison than nominal exchange rates.
- This trend can help identify economic convergence or divergence between the two countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Ethiopia's Gross Domestic Product (GDP) per capita relative to the United States, adjusted for differences in purchasing power and prices between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of living standards and economic development between Ethiopia and the U.S., which is useful for policymakers, economists, and investors analyzing the relative performance of the two economies.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to measuring international prices and volumes.
Q: How is this trend used in economic policy?
A: This trend can help policymakers, economists, and investors assess Ethiopia's economic performance and competitiveness relative to the U.S., which can inform decisions related to trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions, and there may be lags in the availability of the most recent information.
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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 Ethiopia (PGDPUSETA621NUPN), retrieved from FRED.