Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Luxembourg
PGDPUSLUA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
200.77
Year-over-Year Change
38.62%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Luxembourg's gross domestic product (GDP) per capita adjusted for purchasing power parity (PPP) 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 metric compares the value of a country's economic output per person, adjusting for differences in the cost of living and price levels across nations. This allows for more accurate cross-country comparisons of material well-being and productivity.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using the Geary-Khamis (G-K) method.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Key Facts
- Luxembourg's GDP per capita is over 2.5 times higher than the U.S.
- Luxembourg has been among the world's wealthiest countries for decades.
- The G-K method is a widely used approach for PPP-adjusted GDP comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures Luxembourg's gross domestic product (GDP) per capita, adjusted for differences in purchasing power parity (PPP) relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic productivity between Luxembourg and the U.S., accounting for cost-of-living differences.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using the Geary-Khamis (G-K) method for PPP-adjustment.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to evaluate comparative economic performance and living standards across countries.
Q: Are there update delays or limitations?
A: The data is subject to update lags, as the OECD collects and processes the underlying information.
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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 Luxembourg (PGDPUSLUA621NUPN), retrieved from FRED.