Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Lebanon
PGDPUSLBA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.80
Year-over-Year Change
31.77%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures Lebanon's Purchasing Power Parity (PPP) Converted GDP Per Capita relative to the United States, using the Geary-Khamis (G-K) method at current prices. It provides insights into the relative economic output and living standards 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 GDP per capita of Lebanon to that of the U.S., adjusting for differences in purchasing power between the two economies. This allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method, which is a multilateral approach to PPP conversion.
Historical Context
This metric is widely used by economists and policymakers to evaluate economic performance and living standards across countries.
Key Facts
- Lebanon's GDP per capita is around 24% of the U.S. level.
- The G-K method accounts for differences in relative prices across countries.
- PPP-adjusted metrics provide a more accurate picture of living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Lebanon's Purchasing Power Parity (PPP) Converted GDP Per Capita relative to the United States, using the Geary-Khamis (G-K) method at current prices.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic activity and living standards by adjusting for differences in purchasing power between Lebanon and the U.S.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method, a multilateral approach to PPP conversion.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to evaluate economic performance and living standards across countries.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the World Bank's PPP conversion process.
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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 Lebanon (PGDPUSLBA621NUPN), retrieved from FRED.