Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Slovak Republic
PGD2USSKA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.45
Year-over-Year Change
35.54%
Date Range
1/1/1987 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) converted GDP per capita for the Slovak Republic relative to the United States. It provides insights into the comparative living standards 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 metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic output and living standards. This trend is a valuable tool for economists and policymakers to evaluate the Slovak Republic's economic performance and competitiveness relative to the US.
Methodology
The data is calculated by the World Bank using the Geary-Khamis aggregation method.
Historical Context
This indicator is widely used in international economic analysis and policy discussions.
Key Facts
- The Slovak Republic's PPP-converted GDP per capita is around 60% of the US level.
- This metric has increased steadily since the early 2000s as the Slovak economy has converged towards Western European standards.
- Relative to its EU peers, the Slovak Republic has one of the highest growth rates in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) converted GDP per capita for the Slovak Republic 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 development between the Slovak Republic and the US, allowing for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis aggregation method.
Q: How is this trend used in economic policy?
A: This indicator is widely used in international economic analysis and policy discussions to evaluate the Slovak Republic's economic performance and competitiveness relative to the US.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions by the statistical agencies.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Morocco
PGDPUSMAA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Liberia
PGD2USLRA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Finland
PGD2USFIA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Azerbaijan
PGD2USAZA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Bhutan
PGDPUSBTA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Puerto Rico
PGD2USPRA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Slovak Republic (PGD2USSKA621NUPN), retrieved from FRED.