Purchasing Power Parity Converted GDP Per Capita (Chain Series) for St.Vincent and Grenadines
RGDPCHVCA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,966.31
Year-over-Year Change
34.95%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for St. Vincent and Grenadines measures the country's economic output per person, adjusted for differences in purchasing power 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
This metric provides a standardized comparison of living standards and economic development across nations by accounting for price level differences. It is a key indicator used by economists and policymakers to analyze a country's economic performance and make cross-country comparisons.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is widely referenced in international economic analysis and policy discussions.
Key Facts
- St. Vincent and Grenadines' GDP per capita was $12,302 in 2020.
- The country's GDP per capita has grown by over 60% since 2000.
- St. Vincent and Grenadines ranks in the top half of Caribbean nations by this metric.
FAQs
Q: What does this economic trend measure?
A: This metric measures the economic output per person in St. Vincent and Grenadines, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a standardized way to compare living standards and economic development across nations, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in international economic analysis and policy discussions to assess a country's economic performance and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the World Bank's national accounts.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for St.Vincent and Grenadines (RGDPCHVCA625NUPN), retrieved from FRED.