Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Guyana
PPCGDPGYA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,067.81
Year-over-Year Change
88.90%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Guyana, using the Geary-Khamis (G-K) method and current prices.
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 metric adjusts GDP to account for differences in price levels across countries, providing a more accurate comparison of living standards and economic output.
Methodology
The data is calculated by the World Bank using the G-K international price comparison method.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic development and living standards.
Key Facts
- Guyana's PPP-converted GDP per capita was $8,305 in 2021.
- This metric has increased by over 50% since 2010.
- Guyana's PPP-converted GDP per capita is below the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Guyana, adjusting for differences in price levels to provide a more accurate comparison of living standards and economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic development and compare living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) international price comparison method.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and international institutions to evaluate economic performance and living standards, informing policy decisions and development strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture recent economic changes in Guyana.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Guyana (PPCGDPGYA620NUPN), retrieved from FRED.