Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Benin
PGD2USBJA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.81
Year-over-Year Change
-4.92%
Date Range
1/1/1959 - 1/1/2010
Summary
This economic trend measures Benin's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the relative standard of living 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 PPP-converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of living standards and economic productivity. This data series is a valuable tool for economists and policymakers analyzing global economic trends and disparities.
Methodology
The data is calculated using the Geary-Khamis (GEKS-CPDW) method based on price and expenditure information.
Historical Context
This metric is widely used to evaluate economic performance and competitiveness across nations.
Key Facts
- Benin's PPP-adjusted GDP per capita is approximately 5% of the U.S. level.
- The metric has shown gradual improvement over the past two decades.
- Comparing PPP-adjusted metrics is crucial for understanding global economic disparities.
FAQs
Q: What does this economic trend measure?
A: This trend measures Benin's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the relative standard of living and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate economic performance and competitiveness across nations, as it allows for more accurate cross-country comparisons of living standards and economic productivity.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (GEKS-CPDW) method based on price and expenditure information.
Q: How is this trend used in economic policy?
A: This metric is used by institutions and analysts to assess global economic trends and disparities, which informs policymaking and investment decisions.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, and the accuracy of cross-country comparisons can be affected by differences in data collection and methodology across nations.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Sierra Leone
PGD2USSLA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Djibouti
PGD2USDJA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Macao
PGDPUSMOA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Iraq
PGDPUSIQA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Vietnam
PGD2USVNA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Jamaica
PGDPUSJMA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Benin (PGD2USBJA621NUPN), retrieved from FRED.