Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Samoa
PGD2USWSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.25
Year-over-Year Change
20.37%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Samoa's Purchasing Power Parity (PPP) Converted GDP Per Capita Relative to the United States. It is a key indicator for assessing a country's economic development and living standards 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 Relative to the U.S. trend represents the ratio of Samoa's GDP per capita to that of the United States, adjusted for differences in purchasing power. This metric allows for more accurate cross-country comparisons of economic output and living standards.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method to adjust for price level differences between countries.
Historical Context
This indicator is widely used by economists, policymakers, and international organizations to evaluate economic performance and inform policy decisions.
Key Facts
- Samoa's PPP Converted GDP Per Capita was 18.7% of the U.S. level in 2021.
- This metric adjusts for cost-of-living differences between countries.
- The indicator is used to evaluate economic performance and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Samoa's Purchasing Power Parity (PPP) Converted GDP Per Capita relative to the United States. It provides a more accurate comparison of economic output and living standards between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator is widely used by economists, policymakers, and international organizations to evaluate economic performance and inform policy decisions. It allows for more meaningful cross-country comparisons of living standards and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method to adjust for price level differences between countries.
Q: How is this trend used in economic policy?
A: This indicator is used by markets, economists, and institutions to assess a country's economic development and living standards compared to the U.S. It informs policy decisions related to trade, investment, and international economic cooperation.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in accurately measuring price levels across all goods and services in different countries.
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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 Samoa (PGD2USWSA621NUPN), retrieved from FRED.