Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for South Africa
PGD2USZAA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.17
Year-over-Year Change
29.14%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures South Africa's purchasing power parity (PPP) converted GDP per capita 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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares the production output and living standards of South Africa to the U.S. by adjusting for differences in price levels between the countries. This helps economists and policymakers evaluate the relative economic well-being of populations.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert GDP per capita to a common currency and adjust for price level differences.
Historical Context
This trend is widely used to assess global economic competitiveness and make cross-country comparisons of development and standards of living.
Key Facts
- South Africa's GDP per capita is around 23% of the U.S. level.
- This metric has remained relatively stable over the past decade.
- Differences in price levels are a key factor in the GDP per capita gap.
FAQs
Q: What does this economic trend measure?
A: This metric measures South Africa's GDP per capita in purchasing power parity terms relative to the United States. It compares the economic output and living standards between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the comparative economic development and competitiveness of South Africa versus the U.S. It is widely used by economists, policymakers, and investors to assess global living standards and cross-country differences.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert GDP per capita to a common currency and adjust for price level differences between South Africa and the United States.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate the relative economic well-being and development of populations. It informs decisions around international economic competitiveness, trade, and foreign investment.
Q: Are there update delays or limitations?
A: There can be a 1-2 year delay in the availability of this data due to the time required for collection and calculation by the World Bank. Additionally, the metric may not fully capture all nuances of living standards and economic conditions between the two 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 South Africa (PGD2USZAA621NUPN), retrieved from FRED.