Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Cuba
PPCGDPCUA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,752.81
Year-over-Year Change
127.53%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted gross domestic product per capita for Cuba, using the Geary-Khamis (G-K) method and current prices. It provides a standardized comparison of economic output and living standards 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
Purchasing power parity (PPP) adjusts GDP per capita to account for differences in price levels between countries, enabling more accurate international comparisons of economic activity and living standards. The G-K method is a commonly used PPP calculation approach.
Methodology
The data is collected and calculated by the World Bank using household surveys and national accounts information.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze economic development and make cross-country comparisons.
Key Facts
- Cuba's PPP-adjusted GDP per capita was $12,280 in 2021.
- Cuba's GDP per capita ranks 77th globally, behind other Latin American countries.
- PPP-adjusted GDP provides a more accurate picture of living standards than market exchange rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted gross domestic product per capita for Cuba, using the Geary-Khamis (G-K) method and current prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized comparison of economic output and living standards across countries, enabling more accurate analysis of economic development and cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household surveys and national accounts information.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to analyze economic development and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the World Bank's PPP calculations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Cuba (PPCGDPCUA620NUPN), retrieved from FRED.