Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Macedonia
PGD2USMKA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.70
Year-over-Year Change
22.93%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures Macedonia's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States. It provides insights into the standard of living and economic development of Macedonia 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 metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of living standards and productivity. This data point is a valuable indicator for policymakers and economists assessing Macedonia's economic performance and convergence with advanced economies.
Methodology
The data is calculated by the World Bank using the Geary-Khamis aggregation method.
Historical Context
This metric is widely used by international organizations and analysts to evaluate economic competitiveness and progress.
Key Facts
- Macedonia's PPP-adjusted GDP per capita was 35% of the U.S. level in 2021.
- This metric has grown from 27% of the U.S. level in 2000.
- Macedonia ranked 79th globally by this measure in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures Macedonia's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States. It provides insights into the standard of living and economic development of Macedonia compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This metric is a valuable indicator for policymakers and economists assessing Macedonia's economic performance and convergence with advanced economies. It allows for more accurate comparisons of living standards and productivity between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis aggregation method.
Q: How is this trend used in economic policy?
A: This metric is widely used by international organizations and analysts to evaluate economic competitiveness and progress. It provides insights into a country's standard of living and development relative to other major economies.
Q: Are there update delays or limitations?
A: There may be update delays or limitations in the underlying data sources used to calculate this metric.
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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 Macedonia (PGD2USMKA621NUPN), retrieved from FRED.