Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Iran
PGDPUSIRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.65
Year-over-Year Change
52.36%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita of Iran 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-converted GDP per capita relative to the U.S. is a widely used metric for evaluating a country's economic performance and living standards compared to the global economic superpower. It accounts for differences in price levels between countries to enable more accurate cross-country comparisons.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a standard approach for PPP conversion.
Historical Context
This trend is valuable for economists, policymakers, and investors analyzing Iran's economic position and growth potential relative to the U.S.
Key Facts
- Iran's PPP-converted GDP per capita is around 30% of the U.S. level.
- This trend has remained relatively stable over the past decade.
- Comparing economic output across countries using PPP is important for assessing living standards and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita of Iran 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: This trend is valuable for economists, policymakers, and investors analyzing Iran's economic position and growth potential relative to the U.S. It enables more accurate cross-country comparisons of living standards and economic development.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a standard approach for PPP conversion.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess Iran's economic performance and living standards compared to the U.S., which is a key benchmark for the global economy.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as comprehensive PPP calculations can take time to compile. There may also be limitations in fully accounting for all price level differences between the two countries.
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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 Iran (PGDPUSIRA621NUPN), retrieved from FRED.