Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Malawi
PGD2USMWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
37.34%
Date Range
1/1/1954 - 1/1/2010
Summary
The 'Purchasing Power Parity Converted GDP Per Capita Relative to the United States' trend measures Malawi's economic output per person compared to the U.S., adjusted for differences in purchasing power.
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 provides a standardized, internationally comparable view of Malawi's economic development and living standards relative to the world's largest economy. Analysts use it to assess Malawi's economic competitiveness and convergence with advanced economies.
Methodology
The data is calculated by the World Bank using 'international dollar' purchasing power parity (PPP) exchange rates.
Historical Context
Policymakers and investors monitor this metric to gauge Malawi's economic progress and growth potential.
Key Facts
- Malawi's GDP per capita is only 2.5% of the U.S. level.
- Malawi's economy has grown by 4.5% annually over the past decade.
- Over 70% of Malawi's population lives below the national poverty line.
FAQs
Q: What does this economic trend measure?
A: This metric measures Malawi's GDP per capita adjusted for differences in purchasing power, compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: It provides a standardized, internationally comparable view of Malawi's economic development and living standards relative to the world's largest economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using 'international dollar' purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor this metric to gauge Malawi's economic progress and growth potential.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid economic changes in Malawi.
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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 Malawi (PGD2USMWA621NUPN), retrieved from FRED.