Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Marshall Islands
PGDPUSMHA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.88
Year-over-Year Change
-9.42%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita of Marshall Islands 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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric allows for cross-country comparisons of economic output and living standards by adjusting for differences in price levels. This data is widely used by economists and policymakers to analyze global economic trends and make informed decisions.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which is a multilateral approach to PPP conversion.
Historical Context
This trend is relevant for understanding Marshall Islands' economic performance and competitiveness relative to the United States.
Key Facts
- Marshall Islands' GDP per capita is approximately 25% of the U.S. level.
- The PPP-adjusted GDP per capita metric accounts for differences in price levels between countries.
- Tracking this trend over time can reveal changes in Marshall Islands' economic development relative to the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita of Marshall Islands relative to the United States. It provides a way to compare the economic output and living standards between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Marshall Islands' economic performance and competitiveness relative to the United States. It is widely used by economists and policymakers to analyze global economic trends and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which is a multilateral approach to PPP conversion.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to understand the comparative living standards and economic development between Marshall Islands and the United States.
Q: Are there update delays or limitations?
A: There may be some delays in data updates, and the methodology used to calculate this trend could have certain limitations in cross-country comparisons.
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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 Marshall Islands (PGDPUSMHA621NUPN), retrieved from FRED.