Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Mauritius
PGDPUSMUA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.31
Year-over-Year Change
10.19%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita in Mauritius relative to the United States. It provides insights into the comparative living standards and 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 relative to the U.S. is an important indicator of a country's economic development and standard of living. It accounts for differences in price levels between countries, allowing for more accurate cross-country comparisons of real incomes.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for price level differences across countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and inform policy decisions.
Key Facts
- Mauritius' GDP per capita was 46.2% of the U.S. level in 2021.
- The PPP-adjusted GDP per capita has grown steadily in Mauritius over the past two decades.
- Mauritius is considered an upper-middle-income economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita in Mauritius relative to the United States. It provides a comparative assessment of living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita relative to the U.S. is an important indicator of a country's economic development and standard of living. It allows for more accurate cross-country comparisons of real incomes by accounting 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, which adjusts for price level differences across countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and inform policy decisions related to economic development, trade, and international comparisons.
Q: Are there update delays or limitations?
A: The data is subject to update schedules and potential revisions by the collecting institutions. Users should consult the source for the most current information and any known limitations.
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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 Mauritius (PGDPUSMUA621NUPN), retrieved from FRED.