Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Sweden
PGD2USSEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.34
Year-over-Year Change
13.46%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Sweden's GDP per capita relative to the United States, adjusted for purchasing power parity. It provides important insights into the comparative economic well-being of 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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares the standard of living between countries by adjusting for differences in price levels. This allows for more accurate cross-country comparisons of economic output and development.
Methodology
The data is calculated using the GEKS-CPDW method, which combines multiple multilateral comparisons to derive purchasing power parities.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess the relative economic competitiveness and growth between nations.
Key Facts
- Sweden's GDP per capita is currently 0.92 times that of the United States.
- The metric has increased from 0.75 in 1980 to 0.92 in 2021.
- Sweden has a higher standard of living than the U.S. when accounting for price differences.
FAQs
Q: What does this economic trend measure?
A: This trend measures Sweden's GDP per capita relative to the United States, adjusted for differences in purchasing power between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of economic well-being and living standards between Sweden and the U.S. than unadjusted GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which combines multiple multilateral comparisons to derive purchasing power parities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the relative competitiveness and growth of the Swedish economy compared to the United States.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the metric is subject to the methodological limitations of purchasing power parity calculations.
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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 Sweden (PGD2USSEA621NUPN), retrieved from FRED.