Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Yemen
PGDPUSYEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.85
Year-over-Year Change
7.39%
Date Range
1/1/1989 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) converted GDP per capita of Yemen relative to the United States. It provides insights into the standard of living and economic development of Yemen compared to the US.
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 evaluates the level of economic output and purchasing power in Yemen compared to the US. This is an important measure for assessing the relative economic well-being and development of different countries.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which accounts for price level differences across countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze cross-country economic comparisons and inform policy decisions.
Key Facts
- Yemen's GDP per capita is approximately 3% of the US level.
- This metric has declined over the past decade due to political instability and economic challenges.
- Policymakers use this data to evaluate Yemen's economic progress and living standards.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) converted GDP per capita of Yemen relative to the United States. It provides insights into the standard of living and economic development of Yemen compared to the US.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important measure for assessing the relative economic well-being and development of different countries. It is widely used by economists, policymakers, and international organizations to analyze cross-country economic comparisons and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which accounts for price level differences across countries.
Q: How is this trend used in economic policy?
A: Policymakers use this data to evaluate Yemen's economic progress and living standards compared to the US, which informs decision-making and policy interventions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and updates due to the challenging economic and political conditions in Yemen.
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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 Yemen (PGDPUSYEA621NUPN), retrieved from FRED.