Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Chad
PGD2USTDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.03
Year-over-Year Change
132.71%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Chad's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the standard of living and economic productivity in Chad compared to the U.S.
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 more accurate cross-country comparisons of economic output and living standards. This data series tracks Chad's position relative to the U.S. over time, which is useful for economists and policymakers analyzing economic development.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to determine purchasing power parity conversions.
Historical Context
This metric informs analyses of economic convergence, international competitiveness, and relative standards of living.
Key Facts
- Chad's PPP-adjusted GDP per capita is approximately 3% of the U.S. level.
- This metric has increased gradually over the past two decades as Chad's economy has developed.
- Comparing PPP-adjusted GDP provides a more accurate picture of relative living standards than using exchange rates alone.
FAQs
Q: What does this economic trend measure?
A: This trend measures Chad's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the standard of living and economic productivity in Chad compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers analyzing economic development, international competitiveness, and relative standards of living between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to determine purchasing power parity conversions.
Q: How is this trend used in economic policy?
A: This metric informs analyses of economic convergence, international competitiveness, and relative standards of living, which are relevant for policymakers, markets, and economic institutions.
Q: Are there update delays or limitations?
A: There may be delays in data updates, and the metric may not fully capture all aspects of economic welfare or development.
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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 Chad (PGD2USTDA621NUPN), retrieved from FRED.