Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Seychelles
PGD2USSCA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.92
Year-over-Year Change
3.68%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Seychelles relative to the United States. It provides insights into the relative standard of living and productivity between the two economies.
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 data adjusts for differences in price levels between countries, allowing for more accurate comparisons of living standards and economic output. This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and development.
Methodology
The data is calculated using the GEKS-CPDW method, which is a multilateral PPP index that ensures transitive and base-country invariant comparisons.
Historical Context
This trend is relevant for assessing Seychelles' economic competitiveness and its position relative to the United States, a major global economy.
Key Facts
- Seychelles' PPP-adjusted GDP per capita was 44.1% of the US level in 2021.
- The PPP-adjusted GDP per capita data accounts for differences in cost of living between countries.
- This metric is used to assess relative economic performance and living standards globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Seychelles relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative standard of living and productivity between the Seychelles and US economies, which is valuable for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, a multilateral PPP index that ensures transitive and base-country invariant comparisons.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing Seychelles' economic competitiveness and its position relative to the United States, a major global economy.
Q: Are there update delays or limitations?
A: There may be update delays or limitations in the underlying data collection and calculation processes.
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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 Seychelles (PGD2USSCA621NUPN), retrieved from FRED.