Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Grenada
PGDPUSGDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.78
Year-over-Year Change
6.62%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Grenada'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 ratio compares the output and purchasing power of Grenada's economy to that of the U.S. by adjusting for price level differences. This is a valuable metric for assessing relative economic well-being and productivity across countries.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a multilateral system for international price and volume comparisons.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Key Facts
- Grenada's PPP-converted GDP per capita was 27.2% of the U.S. level in 2021.
- The PPP conversion adjusts for price level differences between Grenada and the U.S.
- This metric is used to assess relative economic well-being and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures Grenada'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: The PPP-converted GDP per capita ratio is a valuable metric for assessing relative economic well-being and productivity across countries. It is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a multilateral system for international price and volume comparisons.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries, informing policy decisions and comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule 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 Grenada (PGDPUSGDA621NUPN), retrieved from FRED.