Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Central African Republic
PGD2USCFA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.52
Year-over-Year Change
-3.57%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted GDP per capita of the Central African Republic relative to the United States. It provides insights into the standard of living and economic development of the country compared to the global superpower.
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 adjusts the GDP per capita data to account for differences in purchasing power between the two countries. This allows for more accurate cross-country comparisons of economic well-being and productivity.
Methodology
The data is calculated using the GEKS-CPDW method, which combines national accounts and price survey information.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess the relative economic position of countries and inform development strategies.
Key Facts
- The Central African Republic's GDP per capita is only 2.5% of the US level.
- This indicator has declined by 10% over the past decade, signaling slow economic progress.
- The Central African Republic is one of the poorest countries in the world by this measure.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted GDP per capita of the Central African Republic relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative standard of living and economic development of the Central African Republic compared to the global economic superpower, the United States.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which combines national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess the relative economic position of countries and inform development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update delays and limitations associated with international economic statistics compilation.
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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 Central African Republic (PGD2USCFA621NUPN), retrieved from FRED.