Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Angola
PGD2USAOA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.03
Year-over-Year Change
116.19%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Angola's purchasing power parity (PPP) converted GDP per capita relative to the United States. It is a key indicator of a country's economic development and standard of living compared to the U.S.
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 PPP-adjusted GDP per capita metric accounts for differences in price levels between countries, providing a more accurate comparison of living standards than market exchange rates. This data point is widely used by economists, policymakers, and international organizations to assess Angola's economic performance and progress.
Methodology
The data is calculated using the Geary-Khamis-CPDW (GEKS-CPDW) method, a sophisticated PPP conversion approach.
Historical Context
This metric informs economic policy decisions and foreign investment analysis.
Key Facts
- Angola's GDP per capita is about 5% of the U.S. level.
- Angola's relative economic performance has improved since the early 2000s.
- PPP conversion is crucial for accurate cross-country living standard comparisons.
FAQs
Q: What does this economic trend measure?
A: This metric measures Angola's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides a more accurate comparison of living standards than market exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This data point is widely used by economists, policymakers, and international organizations to assess a country's economic development and living standards compared to the U.S.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-CPDW (GEKS-CPDW) method, a sophisticated PPP conversion approach.
Q: How is this trend used in economic policy?
A: This metric informs economic policy decisions and foreign investment analysis by providing insights into a country's relative economic performance and progress.
Q: Are there update delays or limitations?
A: There may be lags in data availability, and the PPP conversion methodology can be complex to interpret.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Angola (PGD2USAOA621NUPN), retrieved from FRED.