Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Poland
PGD2USPLA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.94
Year-over-Year Change
43.27%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Poland's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative 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
The PPP-converted GDP per capita ratio compares the output per person in two economies, adjusting for differences in the cost of living. This metric is useful for policymakers and analysts to assess the relative economic development and purchasing power of different countries.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Historical Context
This trend is widely used to evaluate economic performance and competitiveness between nations.
Key Facts
- Poland's PPP-adjusted GDP per capita is around 57% of the U.S. level.
- The ratio has gradually increased over the past two decades as Poland's economy has converged.
- Differences in this metric reflect variations in productivity, prices, and living standards between the two countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Poland's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita ratio is a widely used metric for evaluating economic performance and competitiveness between nations. It helps policymakers and analysts assess the relative development and purchasing power of different countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and analysts to compare the economic development and living standards between countries, which informs decision-making and policy formulation.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which may result in occasional update delays. Additionally, the PPP conversion methodology may have certain limitations in capturing all price differences between countries.
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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 Poland (PGD2USPLA621NUPN), retrieved from FRED.