Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Zambia
PGDPUSZMA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.87
Year-over-Year Change
92.11%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita of Zambia relative to the United States. It provides insights 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 PPP-converted GDP per capita ratio represents the real purchasing power of a country's citizens compared to the U.S. It is a useful metric for cross-country comparisons of living standards and economic well-being beyond just nominal exchange rates.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for differences in price levels between countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess economic performance and guide policy decisions.
Key Facts
- Zambia's PPP-adjusted GDP per capita is about 3% of the U.S. level.
- The ratio has remained relatively stable over the past decade.
- PPP adjustments are crucial for accurate cross-country economic comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita of Zambia relative to the United States. It provides insights into the comparative living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita ratio is a useful metric for cross-country comparisons of living standards and economic well-being, going beyond just nominal exchange rates. It is widely used by economists, policymakers, and international organizations to assess economic performance and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which adjusts for differences in price levels between countries.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to assess economic performance and guide policy decisions related to living standards, economic development, and cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the underlying sources, which may result in occasional update delays. Additionally, the PPP conversion process involves certain methodological assumptions that can affect the accuracy of the comparisons.
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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 Zambia (PGDPUSZMA621NUPN), retrieved from FRED.