Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Macao
PPCGDPMOA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,452.72
Year-over-Year Change
217.87%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Macao, using the Geary-Khamis (G-K) method. It provides insights into the real standard of living and economic output of Macao's population.
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 the raw GDP per capita figure to account for differences in purchasing power across countries, enabling more accurate cross-country comparisons. The G-K method is a widely used approach for these PPP calculations.
Methodology
The data is collected and calculated by the World Bank using established PPP conversion factors.
Historical Context
This indicator informs economic analysis and policymaking related to Macao's development and living standards.
Key Facts
- Macao has one of the highest PPP-adjusted GDP per capita globally.
- The PPP adjustment accounts for Macao's high cost of living.
- This metric is widely used to evaluate economic progress and living standards.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Macao, using the Geary-Khamis (G-K) method. It provides insights into the real standard of living and economic output of Macao's population.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric is a key indicator for evaluating Macao's economic development and living standards, enabling more accurate cross-country comparisons than raw GDP per capita.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established PPP conversion factors.
Q: How is this trend used in economic policy?
A: This indicator informs economic analysis and policymaking related to Macao's development and living standards.
Q: Are there update delays or limitations?
A: The data is subject to update schedules and potential revisions by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Macao (PPCGDPMOA620NUPN), retrieved from FRED.