Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for China
International Dollars, Annual, Not Seasonally Adjusted
PCDGDPCNA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,130.07
Year-over-Year Change
304.31%
Date Range
1/1/1952 - 1/1/2010
Summary
This economic trend measures purchasing power parity-adjusted gross domestic product per capita for the United States on an annual basis. It provides insights into the real standard of living and economic well-being of the U.S. population.
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 international dollar is a hypothetical unit of currency that has the same purchasing power as the U.S. dollar has in the United States at a given point in time. This metric allows for more accurate cross-country comparisons of economic output and living standards.
Methodology
The data is calculated based on exchange rates and price levels to convert GDP into a common currency unit.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess relative economic performance and development.
Key Facts
- The U.S. international dollar GDP per capita was $63,416 in 2021.
- This metric adjusts for differences in price levels across countries.
- It provides a more accurate picture of living standards than nominal GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures purchasing power parity-adjusted gross domestic product per capita for the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic output and living standards, providing insights into the real standard of living and economic well-being of the U.S. population.
Q: How is this data collected or calculated?
A: The data is calculated based on exchange rates and price levels to convert GDP into a common currency unit.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess relative economic performance and development.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, International Dollars, Annual, Not Seasonally Adjusted (PCDGDPCNA620NUPN), retrieved from FRED.