Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Guyana
PGDPUSGYA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.88
Year-over-Year Change
28.54%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Guyana's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the comparative living standards and productivity levels 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 international comparisons of economic output and living standards. This data series uses the Geary-Khamis (G-K) method, a widely adopted approach for calculating PPP.
Methodology
The data is calculated by the World Bank based on GDP and population figures.
Historical Context
This trend is used by economists, policymakers, and investors to assess Guyana's economic development relative to the U.S. and other nations.
Key Facts
- Guyana's PPP-adjusted GDP per capita is around 10% of the U.S. level.
- The PPP conversion accounts for cost-of-living differences between the countries.
- This metric is used to track Guyana's economic convergence with developed nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures Guyana's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the comparative living standards and productivity levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists, policymakers, and investors to assess Guyana's economic development relative to the U.S. and other nations, accounting for differences in price levels between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on GDP and population figures.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to track Guyana's economic convergence with developed nations and inform assessments of the country's living standards and productivity levels.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological approaches of the World Bank.
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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 Guyana (PGDPUSGYA621NUPN), retrieved from FRED.