Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Austria
PGDPUSATA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.24
Year-over-Year Change
6.89%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Austria'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, G-K method, at current prices for Austria is an important indicator used by economists and policymakers to assess the relative economic well-being and productivity of a country compared to the United States.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for differences in price levels between countries.
Historical Context
This trend is widely used to evaluate economic performance and living standards across countries.
Key Facts
- Austria's GDP per capita is about 92% of the U.S. level.
- The G-K method adjusts for differences in price levels between countries.
- This trend is used to evaluate economic performance and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Austria'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.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to assess the relative economic well-being and productivity of a country compared to the United States, which is a key benchmark for international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which adjusts for differences in price levels between countries.
Q: How is this trend used in economic policy?
A: This trend is used to evaluate economic performance and living standards across countries, providing insights that inform economic policies and international comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the U.S. Federal Reserve's FRED database.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Austria (PGDPUSATA621NUPN), retrieved from FRED.