Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Botswana
PGDPUSBWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.39
Year-over-Year Change
15.26%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Botswana's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the relative 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-adjusted GDP per capita ratio compares the economic output and purchasing power of Botswana to the United States, adjusting for differences in price levels between the countries. This metric is widely used by economists and policymakers to evaluate cross-country living standards and productivity.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which applies a system of weights to convert GDP into a common currency.
Historical Context
This trend is relevant for understanding Botswana's economic development and competitiveness compared to the U.S.
Key Facts
- Botswana's PPP-adjusted GDP per capita was 31% of the U.S. level in 2021.
- This ratio has increased from 23% in 1990, indicating rising living standards in Botswana.
- The G-K method accounts for differences in price levels between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Botswana's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the relative living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate cross-country living standards and productivity, offering insights into Botswana's economic development and competitiveness compared to the U.S.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which applies a system of weights to convert GDP into a common currency.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Botswana's economic development and competitiveness compared to the U.S., which can inform policymakers and analysts on economic and trade policies.
Q: Are there update delays or limitations?
A: The data is subject to update delays and potential revisions by the compiling institution, the U.S. Federal Reserve.
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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 Botswana (PGDPUSBWA621NUPN), retrieved from FRED.