Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Brazil
PGD2USBRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.86
Year-over-Year Change
12.46%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Brazil's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into Brazil's economic development and living standards 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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric evaluates Brazil's GDP per capita after adjusting for differences in prices between the two countries. This allows for more accurate cross-country comparisons of economic output and living standards.
Methodology
The data is calculated using the GEKS-CPDW method based on national accounts and price data.
Historical Context
This trend is relevant for policymakers and economists analyzing global economic competitiveness and convergence.
Key Facts
- Brazil's GDP per capita is approximately 30% of the U.S. level.
- This metric has shown gradual convergence towards U.S. living standards since the 1990s.
- PPP adjustments are critical for accurate cross-country economic comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures Brazil's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides a standardized comparison of economic output and living standards between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Brazil's economic development and competitiveness compared to the U.S. It allows policymakers and economists to make more accurate cross-country comparisons of living standards and economic performance.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which is based on national accounts and price data.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing global economic convergence and competitiveness. It provides insights into a country's relative economic development and living standards.
Q: Are there update delays or limitations?
A: There may be delays in data availability and revisions due to the complexity of collecting and harmonizing international price and national accounts data.
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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 Brazil (PGD2USBRA621NUPN), retrieved from FRED.