Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Pakistan
PGD2USPKA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.50
Year-over-Year Change
8.24%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Pakistan's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the standard of living and economic productivity in Pakistan 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-adjusted GDP per capita metric allows for cross-country comparisons of economic output and living standards by accounting for differences in price levels. This data point is a valuable indicator for economists and policymakers analyzing Pakistan's economic development and competitiveness.
Methodology
The data is calculated using the Geary-Khamis (GEKS-CPDW) method based on national accounts and price information.
Historical Context
This trend is widely used to assess Pakistan's economic performance and potential for growth and convergence with advanced economies.
Key Facts
- Pakistan's GDP per capita is around 9% of the U.S. level.
- Pakistan's relative GDP per capita has remained largely stagnant since 2000.
- Improving Pakistan's economic productivity is a key policy priority.
FAQs
Q: What does this economic trend measure?
A: This trend measures Pakistan's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the standard of living and economic productivity in Pakistan compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for cross-country comparisons of economic output and living standards, making it a valuable indicator for economists and policymakers analyzing Pakistan's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (GEKS-CPDW) method based on national accounts and price information.
Q: How is this trend used in economic policy?
A: This trend is widely used to assess Pakistan's economic performance and potential for growth and convergence with advanced economies, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and quality of national accounts and price information, which may result in occasional delays or revisions.
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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 Pakistan (PGD2USPKA621NUPN), retrieved from FRED.