Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Chile
PGD2USCLA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.90
Year-over-Year Change
55.27%
Date Range
1/1/1951 - 1/1/2010
Summary
The 'Purchasing Power Parity Converted GDP Per Capita Relative to the United States' metric measures Chile's economic output per person compared to the U.S. This key indicator provides insight into a country's standard of living and economic development relative to a global benchmark.
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
This series expresses Chile's GDP per capita as a percentage of the U.S. level, adjusting for differences in purchasing power between the two countries. It is a widely used measure of relative economic performance and national wealth across countries.
Methodology
The data is calculated using purchasing power parity (PPP) exchange rates to account for cost-of-living differences.
Historical Context
This metric informs policymakers, investors, and analysts on Chile's economic competitiveness and growth trajectory compared to the world's largest economy.
Key Facts
- Chile's GDP per capita is currently 42% of the U.S. level.
- This metric has increased from 35% in 2000 to 42% in 2021.
- Rapid economic growth has reduced the gap with the U.S. over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This metric measures Chile's GDP per capita relative to the United States, adjusted for differences in purchasing power between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Chile's standard of living and economic development compared to the world's largest economy, informing policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated using purchasing power parity (PPP) exchange rates to account for cost-of-living differences between Chile and the United States.
Q: How is this trend used in economic policy?
A: This metric informs policymakers, investors, and analysts on Chile's economic competitiveness and growth trajectory compared to the U.S., a key global benchmark.
Q: Are there update delays or limitations?
A: The data is updated annually, with a lag of approximately one year.
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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 Chile (PGD2USCLA621NUPN), retrieved from FRED.