Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Sri Lanka
PGD2USLKA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.94
Year-over-Year Change
38.36%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Sri Lanka's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the standard of living and economic output in Sri Lanka 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 PPP-converted GDP per capita relative to the U.S. is an important indicator of a country's economic development and competitiveness. It allows for cross-country comparisons of living standards and productivity that are adjusted for differences in price levels.
Methodology
The data is calculated using the GEKS-CPDW method to convert GDP from national currencies to a common unit.
Historical Context
Policymakers and analysts use this metric to evaluate Sri Lanka's economic performance and progress relative to the world's largest economy.
Key Facts
- Sri Lanka's PPP-converted GDP per capita is currently 10% of the U.S. level.
- The relative ratio has declined from 15% in 2000 due to slower economic growth.
- Improving this metric is a key policy goal for boosting Sri Lanka's living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Sri Lanka's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the standard of living and economic output in Sri Lanka compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita relative to the U.S. is an important indicator of a country's economic development and competitiveness. It allows for cross-country comparisons of living standards and productivity that are adjusted for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method to convert GDP from national currencies to a common unit.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Sri Lanka's economic performance and progress relative to the world's largest economy, informing policy decisions aimed at boosting living standards and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to update delays typical of international economic statistics, and may not fully capture all aspects of relative living standards between countries.
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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 Sri Lanka (PGD2USLKA621NUPN), retrieved from FRED.