Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Denmark
PGD2USDKA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.26
Year-over-Year Change
1.39%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures Denmark's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards 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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric allows for cross-country comparisons of economic output and living standards, adjusting for differences in price levels. It is a valuable tool for economists and policymakers to evaluate relative economic performance and development.
Methodology
The data is calculated by the OECD using the GEKS-CPDW method to convert GDP per capita to a common international currency and adjust for price level differences.
Historical Context
This trend is widely used by economists, international organizations, and policymakers to analyze comparative economic competitiveness and standards of living.
Key Facts
- Denmark's GDP per capita is around 125% of the U.S. level.
- PPP conversion accounts for cost-of-living differences between countries.
- The indicator is based on the latest internationally comparable price and GDP data.
FAQs
Q: What does this economic trend measure?
A: This metric measures Denmark's GDP per capita in purchasing power parity (PPP) terms relative to the United States. It provides a comparative assessment of living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for evaluating and comparing the relative economic performance and living standards of different countries, accounting for differences in price levels and purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using the GEKS-CPDW method to convert GDP per capita to a common international currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, international organizations, and policymakers to analyze comparative economic competitiveness and standards of living, informing decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is subject to the availability of internationally comparable price and GDP data, which may result in occasional update delays or limitations in country coverage.
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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 Denmark (PGD2USDKA621NUPN), retrieved from FRED.