Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Croatia
PGDPUSHRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.77
Year-over-Year Change
26.87%
Date Range
1/1/1990 - 1/1/2010
Summary
This trend measures Croatia's Purchasing Power Parity (PPP) converted 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-adjusted GDP per capita metric accounts for differences in price levels between countries, allowing for more accurate cross-country comparisons of real incomes and standards of living. This data is a key indicator used by economists and policymakers to evaluate economic performance and convergence.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a widely accepted approach for PPP conversion.
Historical Context
This trend informs analyses of Croatia's economic position relative to the U.S. and helps guide policy decisions and investment strategies.
Key Facts
- Croatia's PPP-adjusted GDP per capita is 55% of the U.S. level.
- The G-K method accounts for differences in relative prices between countries.
- This metric is a key indicator of economic performance and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Croatia's Purchasing Power Parity (PPP) converted 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: The PPP-adjusted GDP per capita metric is a key indicator used by economists and policymakers to evaluate economic performance and convergence between countries. It informs analyses of Croatia's economic position relative to the U.S. and helps guide policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely accepted approach for PPP conversion.
Q: How is this trend used in economic policy?
A: This trend informs analyses of Croatia's economic position relative to the U.S. and helps guide policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the source, 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 Croatia (PGDPUSHRA621NUPN), retrieved from FRED.