Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Serbia
PGD2USRSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.94
Year-over-Year Change
33.07%
Date Range
1/1/1990 - 1/1/2010
Summary
This trend measures Serbia's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic development between the two 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
The PPP-converted GDP per capita relative to the U.S. is an important indicator of a country's economic performance and standard of living compared to the global superpower. It accounts for differences in price levels between nations, offering a more accurate assessment of real incomes and consumption capabilities.
Methodology
The data is calculated using the Geary-Khamis method to determine purchasing power parities.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic progress and make cross-country comparisons.
Key Facts
- Serbia's GDP per capita is around 37% of the U.S. level.
- Serbia's relative GDP per capita has increased over the past decade.
- Comparing PPP-adjusted GDP provides a more accurate picture of living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Serbia's purchasing power parity (PPP) converted GDP per capita relative to the United States. It compares the real purchasing power and living standards between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating Serbia's economic performance and development relative to the global economic superpower, the United States. It provides insights into comparative living standards and consumption capabilities.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis method to determine purchasing power parities between countries.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic progress and make cross-country comparisons, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the relevant statistical agencies, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Serbia (PGD2USRSA621NUPN), retrieved from FRED.