Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Vanuatu
PGDPUSVUA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.43
Year-over-Year Change
8.25%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Vanuatu's Gross Domestic Product (GDP) per capita relative to the United States, adjusted for differences in purchasing power. It provides insight into the comparative living standards and economic development 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 allows for cross-country comparisons of living standards and economic performance by accounting for price level differences. It is a key indicator used by economists and policymakers to assess relative economic development and competitiveness.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for purchasing power differences across countries.
Historical Context
This trend is widely referenced by international institutions, economists, and investors to evaluate Vanuatu's economic position relative to the U.S. and other global benchmarks.
Key Facts
- Vanuatu's GDP per capita is approximately 10% of the U.S. level.
- The metric accounts for differences in the cost of living between the two countries.
- Tracking this trend is crucial for assessing Vanuatu's economic progress and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures Vanuatu'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 important insights into the comparative living standards and economic development between Vanuatu and the U.S., which is crucial for economists, policymakers, and investors evaluating Vanuatu's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which adjusts for purchasing power differences across countries.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by international institutions, economists, and investors to evaluate Vanuatu's economic position relative to the U.S. and other global benchmarks, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be occasional delays in the release of the latest figures.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Indonesia
PGDPUSIDA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Ecuador
PGD2USECA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Vietnam
PGD2USVNA621NUPN
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 Marshall Islands
PGD2USMHA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Mexico
PGDPUSMXA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Vanuatu (PGDPUSVUA621NUPN), retrieved from FRED.