Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Solomon Islands
PGD2USSBA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.29
Year-over-Year Change
-20.45%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita of Solomon Islands relative to the United States. It provides insights into the relative standard of living and economic development 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 purchasing power of a country's currency to that of the U.S. dollar, allowing for more accurate cross-country comparisons of economic output and living standards. This data point is a key metric used by economists, policymakers, and international organizations to assess a country's economic performance and development.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert national accounts data.
Historical Context
This trend is widely used to inform economic policy decisions, trade negotiations, and international development strategies.
Key Facts
- Solomon Islands' GDP per capita is about 3% of the U.S. level.
- The PPP-adjusted ratio has remained relatively stable over the past decade.
- This trend is a key input for the World Bank's global poverty estimates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita of Solomon Islands relative to the United States. It provides insights into the relative standard of living and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key metric used by economists, policymakers, and international organizations to assess a country's economic performance and development relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert national accounts data.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform economic policy decisions, trade negotiations, and international development strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of several months.
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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 Solomon Islands (PGD2USSBA621NUPN), retrieved from FRED.