Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Montenegro
PGD2USMEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.98
Year-over-Year Change
49.07%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures Montenegro's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic productivity 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 PPP-converted GDP per capita ratio compares the economic output and purchasing power of Montenegro to the United States, adjusting for differences in price levels between the countries. This metric is widely used by economists and policymakers to evaluate relative economic development and living standards across nations.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert national accounts and price data into internationally comparable units.
Historical Context
This trend is relevant for understanding Montenegro's economic position relative to the U.S. and can inform trade, investment, and development policies.
Key Facts
- Montenegro's PPP-converted GDP per capita is about 31% of the U.S. level.
- This ratio has increased from 25% in 2000 to 31% in 2021.
- Improving this relative metric is a key economic goal for Montenegro.
FAQs
Q: What does this economic trend measure?
A: This trend measures Montenegro's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate relative economic development and living standards across nations, which can inform trade, investment, and development policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert national accounts and price data into internationally comparable units.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Montenegro's economic position relative to the U.S. and can inform trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may be subject to revisions as more information becomes available.
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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 Montenegro (PGD2USMEA621NUPN), retrieved from FRED.