Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Nepal
PGDPUSNPA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.84
Year-over-Year Change
33.70%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Nepal's Purchasing Power Parity (PPP) Converted GDP Per Capita Relative to the United States, using the Geary-Khamis (G-K) method at current prices. It provides insights into Nepal's economic development and living standards 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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares Nepal's economic output and living standards to the U.S. by adjusting for differences in price levels between the countries. It is a key indicator used by economists and policymakers to evaluate cross-country economic performance and make informed decisions.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert GDP per capita to international dollars with comparable purchasing power.
Historical Context
This trend is widely used by international organizations, governments, and analysts to assess Nepal's economic competitiveness and progress.
Key Facts
- Nepal's GDP per capita is approximately 5% of the U.S. level.
- Nepal's PPP-adjusted GDP per capita has grown by over 50% since 2000.
- Nepal ranks 146th globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Nepal's Purchasing Power Parity (PPP) Converted GDP Per Capita Relative to the United States, using the Geary-Khamis (G-K) method at current prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Nepal's economic development and living standards compared to the U.S., which is a key indicator used by economists and policymakers to evaluate cross-country economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert GDP per capita to international dollars with comparable purchasing power.
Q: How is this trend used in economic policy?
A: This trend is widely used by international organizations, governments, and analysts to assess Nepal's economic competitiveness and progress.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological decisions of the World Bank.
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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 Nepal (PGDPUSNPA621NUPN), retrieved from FRED.