Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for United States
RGDPL2USA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,916.90
Year-over-Year Change
13.14%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres) trend measures the economic output per person in the United States, 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 productivity across nations. It is a widely used indicator for evaluating national development and assessing relative economic performance.
Methodology
The data is calculated using growth rates of domestic absorption and price levels.
Historical Context
Policymakers and analysts closely monitor this statistic to gauge the overall health and competitiveness of the U.S. economy.
Key Facts
- The U.S. ranked 10th globally in PPP-adjusted GDP per capita in 2021.
- PPP-adjusted GDP accounts for cost-of-living differences across countries.
- This metric is a better indicator of living standards than nominal GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted GDP per capita for the United States, adjusting for differences in prices across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized basis for comparing economic productivity and living standards across nations, which is crucial for evaluating national development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using growth rates of domestic absorption and price levels.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this statistic to gauge the overall health and competitiveness of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a short publication delay.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for United States (RGDPL2USA625NUPN), retrieved from FRED.