Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Senegal
PGD2USSNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.57
Year-over-Year Change
5.69%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Senegal's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insight into the standard of living and productivity levels 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 relative to the United States is an important indicator for assessing the comparative economic performance and development of different countries. It accounts for differences in price levels, allowing more accurate cross-country comparisons of real incomes and standards of living.
Methodology
The data is calculated based on national accounts information and purchasing power parity conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic convergence and make informed decisions.
Key Facts
- Senegal's PPP-converted GDP per capita is about 5% of the U.S. level.
- The relative PPP-GDP per capita has increased gradually over the past two decades.
- Improving this metric is a key development goal for the Senegalese government.
FAQs
Q: What does this economic trend measure?
A: This trend measures Senegal's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides a way to compare the standard of living and productivity levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic convergence and make informed decisions about development and growth strategies.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess comparative economic performance and inform decisions about economic development and convergence policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and PPP information, which may have some update delays or limitations depending on data collection methods in Senegal.
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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 Senegal (PGD2USSNA621NUPN), retrieved from FRED.