Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Russia
PGDPUSRUA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.52
Year-over-Year Change
103.94%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic indicator measures Russia's per capita GDP adjusted for purchasing power parity relative to the United States. It provides insights into the comparative living standards and economic 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 Converted GDP Per Capita Relative to the United States metric compares Russia's economic output per person to that of the U.S., adjusting for differences in the purchasing power of their respective currencies. This allows for more accurate cross-country comparisons of living standards and productivity.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which accounts for price level differences across countries.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to evaluate economic performance and living standards across countries.
Key Facts
- Russia's GDP per capita is approximately 30% of the U.S. level.
- Russia's relative per capita GDP has fluctuated between 25-35% of the U.S. over the past two decades.
- Adjusting for purchasing power differences is crucial for accurate international economic comparisons.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Russia's per capita GDP adjusted for purchasing power parity relative to the United States, providing insights into the comparative living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international institutions to evaluate economic performance and living standards across countries in a more accurate and meaningful way.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which accounts for price level differences across countries.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and international organizations to assess and compare the economic conditions and living standards between Russia and the United States, informing policy decisions and analyses.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the underlying sources, which may result in occasional update delays or limitations in coverage.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for the Gambia
PGDPUSGMA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Austria
PGD2USATA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Armenia
PGDPUSAMA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Liberia
PGD2USLRA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Uruguay
PGDPUSUYA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Algeria
PGD2USDZA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Russia (PGDPUSRUA621NUPN), retrieved from FRED.