Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Montenegro
PGDPUSMEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.01
Year-over-Year Change
49.69%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures Montenegro's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the standard of living and economic productivity of Montenegro compared to the U.S.
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 purchasing power of Montenegro's economy to that of the United States, adjusting for differences in price levels between the two countries. This metric is useful for evaluating relative economic development and living standards.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to assess cross-country economic performance and competitiveness.
Key Facts
- Montenegro's GDP per capita is approximately 30% of the U.S. level.
- The PPP-adjusted ratio has remained relatively stable over the past decade.
- Comparing PPP-converted GDP is more accurate than using market exchange rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures Montenegro's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the standard of living and economic productivity of Montenegro compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita ratio is a useful metric for evaluating relative economic development and living standards between countries, as it adjusts for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international institutions to assess cross-country economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the underlying sources, which may result in occasional update delays.
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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 Montenegro (PGDPUSMEA621NUPN), retrieved from FRED.