Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Honduras
PGD2USHNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.53
Year-over-Year Change
-5.41%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures Honduras' purchasing power parity (PPP) adjusted GDP per capita relative to the United States. It provides insight into the overall economic development and living standards of Honduras compared to the US.
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 relative to the US trend offers a standardized way to compare the economic output and living standards of Honduras versus the United States. It accounts for differences in price levels between the two countries, providing a more accurate representation of relative purchasing power and standards of living.
Methodology
The data is calculated using the GEKS-CPDW method, which is a multilateral PPP index approach.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess relative economic progress and development.
Key Facts
- Honduras' GDP per capita is approximately 20% of the US level.
- The PPP-adjusted metric accounts for cost-of-living differences between the two countries.
- Relative economic performance can vary significantly from nominal exchange rate comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures Honduras' purchasing power parity (PPP) adjusted GDP per capita relative to the United States. It provides insight into the overall economic development and living standards of Honduras compared to the US.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita relative to the US trend offers a standardized way to compare the economic output and living standards of Honduras versus the United States, which is useful for economists, policymakers, and international organizations assessing relative economic progress and development.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which is a multilateral PPP index approach.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess relative economic progress and development between countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have lags or limitations in availability compared to other economic indicators.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Federated States of Micronesia
PGDPUSFMA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Angola
PGD2USAOA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Tajikistan
PGDPUSTJA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Guinea-Bissau
PGD2USGWA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Iraq
PGD2USIQA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Croatia
PGDPUSHRA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Honduras (PGD2USHNA621NUPN), retrieved from FRED.