Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Romania
PGDPUSROA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.26
Year-over-Year Change
75.17%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures Romania's gross domestic product (GDP) per capita relative to the United States, adjusted for purchasing power parity. It provides insight into the standard of living and economic development in Romania 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 (PPP) converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic output and living standards. This series uses the Geary-Khamis (G-K) method to calculate the relative position of Romania's GDP per capita versus the U.S.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Romania's economic progress and competitiveness.
Key Facts
- Romania's GDP per capita is about 39% of the U.S. level.
- Romania's relative GDP per capita has increased from 27% in 2000 to 39% in 2021.
- The G-K method adjusts for price level differences between countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Romania's gross domestic product (GDP) per capita relative to the United States, adjusted for differences in purchasing power between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the standard of living and economic development in Romania compared to the U.S., which is useful for policymakers, economists, and investors analyzing Romania's economic progress and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Romania's economic performance and progress relative to the United States.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions in Romania.
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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 Romania (PGDPUSROA621NUPN), retrieved from FRED.