Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Sweden
PGDPUSSEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.81
Year-over-Year Change
13.61%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Sweden's purchasing power parity (PPP) converted GDP per capita relative to the United States. 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, G-K method, at current prices for Sweden metric compares the purchasing power and standard of living in Sweden to that of the United States. It is a useful indicator for analyzing the relative economic performance and development levels between the two countries.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a widely adopted international standard for measuring and comparing GDP across countries.
Historical Context
This trend is valuable for policymakers, economists, and investors in assessing the comparative economic landscape and making informed decisions.
Key Facts
- Sweden's GDP per capita is approximately 94% of the U.S. level.
- The G-K method adjusts for differences in price levels between countries.
- This metric is a useful tool for assessing relative economic well-being.
FAQs
Q: What does this economic trend measure?
A: This trend measures Sweden's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is valuable for policymakers, economists, and investors in assessing the comparative economic landscape and making informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely adopted international standard for measuring and comparing GDP across countries.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to analyze the relative economic performance and development levels between Sweden and the United States.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential revisions of the U.S. Federal Reserve's FRED database.
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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 Sweden (PGDPUSSEA621NUPN), retrieved from FRED.