Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Chad
PGDPUSTDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
128.99%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Chad's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the living standards and economic development of Chad 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
Purchasing power parity (PPP) is a metric that adjusts GDP to account for differences in the cost of living between countries, allowing more accurate comparisons of living standards. This PPP-adjusted GDP per capita ratio indicates Chad's economic productivity and development level relative to the U.S.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a standard PPP conversion approach.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess economic performance and living standards across countries.
Key Facts
- Chad's PPP-adjusted GDP per capita is approximately 2% of the U.S. level.
- This trend has remained relatively stable over the past decade.
- Improving Chad's economic productivity and living standards is a key development goal.
FAQs
Q: What does this economic trend measure?
A: This trend measures Chad's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the living standards and economic development of Chad compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted GDP per capita ratio is widely used by economists, policymakers, and international organizations to assess economic performance and living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a standard PPP conversion approach.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate economic development and living standards, informing policy decisions aimed at improving productivity and living standards.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not fully capture all aspects of economic development and living standards.
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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 Chad (PGDPUSTDA621NUPN), retrieved from FRED.