Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for St. Lucia
PPCGDPLCA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,064.08
Year-over-Year Change
29.81%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for St. Lucia' measures the total economic output of St. Lucia adjusted for differences in purchasing power across countries, providing a more accurate comparison of living standards.
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
This economic indicator represents the gross domestic product (GDP) per person in St. Lucia, converted to international dollars using purchasing power parity (PPP) rates. The PPP adjustment accounts for price level differences between countries, enabling more meaningful cross-country comparisons of living standards and economic well-being.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert national currencies to international dollars.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess and compare the relative economic performance and development of countries.
Key Facts
- St. Lucia's GDP per capita (PPP) was $13,770 in 2021.
- This metric has grown by over 50% since the early 2000s.
- St. Lucia's GDP per capita (PPP) is around 40% of the United States' level.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total economic output of St. Lucia, adjusted for differences in purchasing power across countries, providing a more accurate comparison of living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess and compare the relative economic performance and development of countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert national currencies to international dollars.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to evaluate and compare the economic well-being and development of countries.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to previous years' estimates.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for St. Lucia (PPCGDPLCA620NUPN), retrieved from FRED.