Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Uruguay
PGD2USUYA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.21
Year-over-Year Change
12.73%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita in Uruguay relative to the United States. It provides insights into the comparative living standards and economic productivity 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 U.S. is an important indicator for evaluating the economic development and standard of living in Uruguay compared to the world's largest economy. It accounts for differences in price levels between countries, offering a more accurate comparison of real incomes and purchasing power.
Methodology
The data is calculated using the GEKS-CPDW method, which is a multilateral PPP index that compares price levels across countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess global economic disparities and inform policy decisions.
Key Facts
- Uruguay's GDP per capita is approximately 33% of the U.S. level.
- The PPP-adjusted GDP per capita in Uruguay has grown by over 40% since 2000.
- Comparing living standards using PPP is important for evaluating global economic inequality.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita in Uruguay relative to the United States. It provides insights into the comparative living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita relative to the U.S. is an important indicator for evaluating the economic development and standard of living in Uruguay compared to the world's largest economy. It accounts for differences in price levels between countries, offering a more accurate comparison of real incomes and purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which is a multilateral PPP index that compares price levels across countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess global economic disparities and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the relevant statistical agencies, which may result in occasional update delays or data limitations.
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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 Uruguay (PGD2USUYA621NUPN), retrieved from FRED.