Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Equatorial Guinea
PGD2USGQA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.16
Year-over-Year Change
509.34%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures Equatorial Guinea's GDP per capita adjusted for purchasing power parity, relative to the United States. It provides insight into the standard of living and economic development of Equatorial Guinea 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 (PPP) conversion factor accounts for differences in price levels between countries, allowing for more accurate comparison of real economic output and living standards. This metric is a valuable indicator for policymakers and researchers analyzing Equatorial Guinea's economic progress and competitiveness.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method to convert GDP per capita to international dollars.
Historical Context
This trend is widely used to evaluate economic performance and development strategies by international institutions, governments, and market analysts.
Key Facts
- Equatorial Guinea's GDP per capita is 17.6% of the U.S. level.
- This trend has increased from 13.4% in 2000 to 17.6% in 2021.
- Equatorial Guinea is an upper-middle income country by World Bank classification.
FAQs
Q: What does this economic trend measure?
A: This trend measures Equatorial Guinea's GDP per capita adjusted for purchasing power parity, relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the standard of living and economic development of Equatorial Guinea compared to the U.S., which is useful for policymakers and researchers analyzing the country's economic progress and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method to convert GDP per capita to international dollars.
Q: How is this trend used in economic policy?
A: This trend is widely used by international institutions, governments, and market analysts to evaluate Equatorial Guinea's economic performance and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank's reporting.
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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 Equatorial Guinea (PGD2USGQA621NUPN), retrieved from FRED.