Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for El Salvador
PPCGDPSVA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,827.97
Year-over-Year Change
49.36%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for El Salvador. It is a key indicator of a country's standard of living and economic development.
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) GDP per capita adjusts a country's GDP to account for differences in the cost of living, providing a more accurate comparison of living standards across countries. The G-K method is a commonly used PPP conversion approach.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert GDP to a common currency and adjust for price level differences.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and make cross-country comparisons.
Key Facts
- El Salvador's PPP-adjusted GDP per capita was $8,686 in 2021.
- This metric has grown by 36% over the past decade.
- El Salvador ranks 107th globally in PPP GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for El Salvador, which provides a more accurate comparison of living standards compared to using nominal exchange rates.
Q: Why is this trend relevant for users or analysts?
A: PPP GDP per capita is a key indicator of a country's economic development and standard of living, allowing for better cross-country comparisons than using unadjusted GDP figures.
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 GDP to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and international organizations use this metric to evaluate economic performance, make cross-country comparisons, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for El Salvador (PPCGDPSVA620NUPN), retrieved from FRED.