Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Macao
PGD2USMOA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.36
Year-over-Year Change
115.10%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Macao relative to the United States. It provides insight into the living standards and economic development of Macao 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 performance and quality of life. It accounts for differences in price levels between economies to better compare their living standards.
Methodology
The data is calculated using the GEKS-CPDW method, which provides an internationally comparable measure of real income.
Historical Context
This trend is widely used by policymakers, international institutions, and economists to assess Macao's economic progress and competitiveness.
Key Facts
- Macao's PPP-adjusted GDP per capita was 233% of the U.S. level in 2021.
- Macao has one of the highest GDP per capita in the world.
- Macao's economy is heavily dependent on tourism and gambling.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Macao relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the living standards and economic development of Macao compared to the U.S., which is an important indicator for policymakers, international institutions, and economists.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which provides an internationally comparable measure of real income.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, international institutions, and economists to assess Macao's economic progress and competitiveness.
Q: Are there update delays or limitations?
A: There may be update delays or limitations in the availability of this data for certain time periods or geographies.
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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 Macao (PGD2USMOA621NUPN), retrieved from FRED.