Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Peru
PGDPUSPEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.35
Year-over-Year Change
54.72%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Peru's per capita GDP adjusted for purchasing power parity relative to the United States. It provides insights into the comparative living standards and productivity levels 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 (PPP) conversion allows for better cross-country comparisons of economic output and living standards by accounting for differences in price levels. This metric is widely used by economists and policymakers to evaluate relative economic performance and development.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert local currency units to a common reference point.
Historical Context
This trend is relevant for analyzing trade dynamics, competitiveness, and the potential for convergence between emerging and advanced economies.
Key Facts
- Peru's GDP per capita is about 25% of the U.S. level on a PPP-adjusted basis.
- Peru's relative GDP per capita has remained stable over the past decade.
- PPP adjustments are crucial for accurately comparing living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Peru's per capita GDP adjusted for purchasing power parity (PPP) relative to the United States. PPP conversion accounts for differences in price levels between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the comparative living standards and productivity levels between Peru and the U.S., which is useful for evaluating economic performance and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert local currency units to a common reference point.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing trade dynamics, competitiveness, and the potential for convergence between emerging and advanced economies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent observations.
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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 Peru (PGDPUSPEA621NUPN), retrieved from FRED.