Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Seychelles
PGDPUSSCA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.59
Year-over-Year Change
2.50%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita of Seychelles relative to the United States. It provides insights into the comparative living standards and productivity levels 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 ratio compares the overall economic output and living standards of Seychelles to the United States, adjusting for differences in price levels between the countries. This metric is widely used by economists and policymakers to evaluate cross-country development and competitiveness.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which determines PPP conversion factors based on a system of simultaneous equations.
Historical Context
This trend is relevant for analyzing Seychelles' economic performance and its position relative to advanced economies like the U.S.
Key Facts
- Seychelles' GDP per capita is 46% of the U.S. level.
- The PPP-adjusted ratio has remained relatively stable over the past decade.
- Seychelles is an upper-middle income country by World Bank classification.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita of Seychelles relative to the United States. It provides insights into the comparative living standards and productivity levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate cross-country development and competitiveness. It allows for more accurate comparisons of living standards and economic performance between Seychelles and advanced economies like the U.S.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which determines PPP conversion factors based on a system of simultaneous equations.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing Seychelles' economic performance and its position relative to advanced economies. It provides insights that can inform policymaking and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the U.S. Federal Reserve's FRED database.
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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 Seychelles (PGDPUSSCA621NUPN), retrieved from FRED.