Purchasing Power Parity Converted GDP Per Capita (Chain Series) for United States
RGDPCHUSA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,365.00
Year-over-Year Change
11.72%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for the United States measures the standard of living and economic well-being of the American population by accounting for differences in purchasing power across 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
This economic indicator tracks the total output of goods and services produced in the United States, adjusted for differences in prices between countries. It provides a more accurate comparison of living standards and productivity than using exchange rates alone.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is widely used by policymakers, economists, and international organizations to assess the relative performance of the U.S. economy.
Key Facts
- The U.S. has the 8th highest GDP per capita adjusted for purchasing power globally.
- GDP per capita in the U.S. has grown by over 130% since 1990.
- The U.S. accounts for over 15% of global GDP based on purchasing power parity.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total economic output of the United States, adjusted for differences in purchasing power between countries. It provides a more accurate comparison of living standards and productivity than using exchange rates alone.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by policymakers, economists, and international organizations to assess the relative performance and living standards of the U.S. economy compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and international organizations to evaluate the overall health and competitiveness of the U.S. economy relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a slight delay, typically 1-2 years. There may be some limitations in accurately accounting for all differences in prices and living costs across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for United States (RGDPCHUSA625NUPN), retrieved from FRED.