Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for New Zealand
PGD2USNZA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.19
Year-over-Year Change
16.69%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures New Zealand'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 relative to the U.S. is a key metric for evaluating the economic development and standard of living across countries. It accounts for differences in price levels, allowing more accurate comparisons of real incomes and consumption patterns.
Methodology
The data is calculated by the OECD using the Geary-Khamis aggregation method.
Historical Context
Policymakers and analysts use this indicator to assess economic performance and competitiveness between nations.
Key Facts
- New Zealand's GDP per capita is 82% of the U.S. level.
- This metric has remained relatively stable over the past decade.
- Differences in PPP reflect variations in the cost of living between countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures New Zealand's GDP per capita adjusted for purchasing power parity (PPP) relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic productivity between countries by accounting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using the Geary-Khamis aggregation method.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess economic performance and competitiveness between nations.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some lag in availability compared to more frequently reported economic indicators.
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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 New Zealand (PGD2USNZA621NUPN), retrieved from FRED.