Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for United States
PGDPUSUSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
0.00%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for the United States relative to the U.S. level. It provides insights into the standard of living and economic productivity across 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 relative to the U.S. is a widely used metric for cross-country comparisons of economic development and living standards. It adjusts for differences in price levels between countries to enable more accurate assessments of real purchasing power and productivity.
Methodology
The data is calculated using the Geary-Khamis (G-K) method to convert national GDP figures to a common currency and price level.
Historical Context
This trend is valuable for economists, policymakers, and market analysts in evaluating economic performance and competitiveness across nations.
Key Facts
- The U.S. has the highest PPP-converted GDP per capita among G7 nations.
- China's PPP-converted GDP per capita is about 30% of the U.S. level.
- PPP adjustments can significantly alter the relative economic size of countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for the United States relative to the U.S. level.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the standard of living and economic productivity across countries, enabling more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method to convert national GDP figures to a common currency and price level.
Q: How is this trend used in economic policy?
A: This trend is valuable for economists, policymakers, and market analysts in evaluating economic performance and competitiveness across nations.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedules of the underlying national accounts and PPP information.
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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 United States (PGDPUSUSA621NUPN), retrieved from FRED.