Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Paraguay
PGDPUSPYA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.42
Year-over-Year Change
0.42%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic trend measures Paraguay's Purchasing Power Parity (PPP) converted GDP per capita 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 Purchasing Power Parity (PPP) Converted GDP Per Capita Relative to the United States metric adjusts Paraguay's GDP per capita to account for differences in purchasing power between the two countries. This allows for more accurate cross-country comparisons of living standards and economic development.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a widely-used international standard for PPP conversion.
Historical Context
This trend is valuable for economists, policymakers, and investors to analyze Paraguay's economic performance and competitiveness relative to the U.S.
Key Facts
- Paraguay's GDP per capita is around 13% of the U.S. level on a PPP-adjusted basis.
- Paraguay's relative PPP-adjusted GDP per capita has remained stable over the past decade.
- The G-K method is considered the gold standard for international GDP per capita comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures Paraguay's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is valuable for economists, policymakers, and investors to analyze Paraguay's economic performance and competitiveness relative to the U.S.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely-used international standard for PPP conversion.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess Paraguay's economic development and living standards compared to the United States, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with potential lags or limitations in the underlying source data.
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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 Paraguay (PGDPUSPYA621NUPN), retrieved from FRED.