Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Cameroon
PGDPUSCMA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.41
Year-over-Year Change
3.27%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures Cameroon's Gross Domestic Product (GDP) per capita relative to the United States, adjusted for purchasing power parity. 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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares the economic output and living standards of Cameroon to the U.S. by adjusting for differences in the cost of living and exchange rates. This helps analysts and policymakers assess the relative prosperity and growth trajectories of the two economies.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method, which accounts for price level differences between countries.
Historical Context
This metric is widely used by economists, international organizations, and governments to evaluate economic performance and guide policy decisions.
Key Facts
- Cameroon's GDP per capita is currently around 5% of the U.S. level.
- The metric has shown steady but slow convergence over the past two decades.
- Comparing across countries helps identify opportunities for economic cooperation and aid.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Cameroon's Gross Domestic Product (GDP) per capita relative to the United States, adjusted for differences in purchasing power and cost of living.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the comparative living standards and economic development between Cameroon and the U.S., helping analysts and policymakers assess relative prosperity and growth trajectories.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method, which accounts for price level differences between countries.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, international organizations, and governments to evaluate economic performance and guide policy decisions related to economic cooperation, trade, and development assistance.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability. Limitations include the complexities of accurately measuring and comparing price levels across diverse economies.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Cameroon (PGDPUSCMA621NUPN), retrieved from FRED.