Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Cambodia
PGDPUSKHA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.27
Year-over-Year Change
124.22%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita in Cambodia 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 ratio compares the output per person in Cambodia to the US, adjusting for differences in the cost of living between the countries. It is a key indicator of a country's economic well-being and is used by economists and policymakers to analyze international development and competitiveness.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which takes into account price level differences across economies.
Historical Context
This trend is relevant for assessing Cambodia's economic progress and its position relative to the global economic superpower, the United States.
Key Facts
- Cambodia's GDP per capita is about 7% of the US level.
- The ratio has increased from 0.056 in 1990 to 0.069 in 2021, indicating gradual economic convergence.
- Cambodia remains one of the poorest countries in Southeast Asia despite recent growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita in Cambodia 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-converted GDP per capita ratio is a key indicator of a country's economic well-being and is used by economists and policymakers to analyze international development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which takes into account price level differences across economies.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing Cambodia's economic progress and its position relative to the global economic superpower, the United States, which is useful for policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not capture the most recent economic changes in Cambodia and the United States.
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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 Cambodia (PGDPUSKHA621NUPN), retrieved from FRED.