Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Yemen
PGD2USYEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.93
Year-over-Year Change
3.31%
Date Range
1/1/1989 - 1/1/2010
Summary
This economic trend measures Yemen's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States. It provides insights into the standard of living and economic development in Yemen compared to the U.S.
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 metric adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of material well-being. This time series tracks Yemen's economic performance relative to the U.S. and is a valuable indicator for policymakers and analysts.
Methodology
The data is calculated using the Geary-Khamis-CCD-Diewert (GEKS-CPDW) method.
Historical Context
This metric is widely used by institutions like the World Bank to assess global economic disparities and guide development policies.
Key Facts
- Yemen's GDP per capita is only about 3% of the U.S. level.
- Yemen ranks among the poorest countries globally by this metric.
- PPP adjustments are crucial for accurately comparing living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Yemen's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the standard of living and economic development in Yemen compared to the U.S., which is valuable for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-CCD-Diewert (GEKS-CPDW) method.
Q: How is this trend used in economic policy?
A: This metric is widely used by institutions like the World Bank to assess global economic disparities and guide development policies.
Q: Are there update delays or limitations?
A: There may be lags in data availability or limitations in cross-country price comparisons, which users should be aware of when interpreting this metric.
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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 Yemen (PGD2USYEA621NUPN), retrieved from FRED.