Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Samoa
PGDPUSWSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.69
Year-over-Year Change
19.03%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures Samoa's Purchasing Power Parity (PPP) Converted GDP Per Capita 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 Relative to the United States metric allows for cross-country comparisons of economic output and living standards by adjusting for differences in price levels. This is a valuable tool for economists and policymakers to assess a country's economic performance and development.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which is a widely adopted approach for converting GDP across countries.
Historical Context
This trend is used to inform economic policy decisions and analyze market conditions.
Key Facts
- Samoa's PPP Converted GDP Per Capita is approximately 20% of the U.S. level.
- This metric has shown gradual improvement over the past decade.
- Comparisons of PPP-adjusted GDP help account for cost-of-living differences.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Samoa's Purchasing Power Parity (PPP) Converted GDP Per Capita 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: The PPP Converted GDP Per Capita Relative to the United States metric allows for cross-country comparisons of economic output and living standards, which is valuable for economists and policymakers to assess a country's economic performance and development.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which is a widely adopted approach for converting GDP across countries.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic policy decisions and analyze market conditions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule 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 Samoa (PGDPUSWSA621NUPN), retrieved from FRED.