Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Palau
PGD2USPWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.84
Year-over-Year Change
-4.90%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Palau's Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita relative to the United States. It provides insights into the comparative living standards and productivity between the two economies.
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 metric adjusts for differences in price levels between countries, allowing for more accurate international comparisons of real living standards and economic performance. This trend is a key indicator used by economists and policymakers to analyze Palau's economic development and competitiveness.
Methodology
The data is calculated using the Geary-Khamis-CPDW (GEKS-CPDW) methodology, which combines price and volume data to derive internationally comparable GDP per capita figures.
Historical Context
This trend is widely referenced in macroeconomic analysis and international development policy discussions.
Key Facts
- Palau's PPP-adjusted GDP per capita was 47.7% of the U.S. level in 2021.
- This trend has shown gradual convergence towards the U.S. over the past two decades.
- Palau's economy is heavily dependent on tourism, which impacts its relative productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures Palau's Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the comparative living standards and economic productivity between Palau and the U.S., which is useful for macroeconomic analysis and international development policy discussions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-CPDW (GEKS-CPDW) methodology, which combines price and volume data to derive internationally comparable GDP per capita figures.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in macroeconomic analysis and international development policy discussions to assess Palau's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication delays of major economic indicators, with the most recent figures available through 2021.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Cameroon
PGD2USCMA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Burundi
PGD2USBIA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Oman
PGDPUSOMA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Panama
PGDPUSPAA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Fiji
PGD2USFJA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Somalia
PGDPUSSOA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Palau (PGD2USPWA621NUPN), retrieved from FRED.