Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Malta
PGD2USMTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.68
Year-over-Year Change
7.20%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita Relative to the United States measures Malta's economic output per person compared to the U.S. This key indicator provides insights into relative living standards and 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
This metric compares Malta's Gross Domestic Product (GDP) per capita, adjusted for differences in purchasing power, to the United States. It offers a more accurate assessment of living standards and economic well-being than raw GDP comparisons.
Methodology
The data is calculated using the GEKS-CPDW method, which adjusts for price level differences across countries.
Historical Context
Policymakers and economists use this metric to evaluate economic performance and living standards relative to major benchmarks.
Key Facts
- Malta's GDP per capita is currently around 86% of the U.S. level.
- The data is updated annually by the World Bank.
- This metric adjusts for price level differences across countries.
FAQs
Q: What does this economic trend measure?
A: This metric compares Malta's Gross Domestic Product (GDP) per capita, adjusted for differences in purchasing power, to the United States.
Q: Why is this trend relevant for users or analysts?
A: It offers a more accurate assessment of living standards and economic well-being than raw GDP comparisons, allowing for better evaluation of relative performance and productivity.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which adjusts for price level differences across countries.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate economic performance and living standards relative to major benchmarks like the United States.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank.
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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 Malta (PGD2USMTA621NUPN), retrieved from FRED.