Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Democratic Republic of the Congo
PGDPUSCDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
-0.36%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita of the Democratic Republic of the Congo 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 PPP-converted GDP per capita ratio compares the overall economic productivity and living standards between nations by adjusting for differences in price levels. This metric is widely used by economists and policymakers to evaluate relative economic performance and guide economic policies.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which is a standard approach for PPP conversion.
Historical Context
This trend is relevant for assessing the Democratic Republic of the Congo's economic progress and competitiveness in the global market.
Key Facts
- The Democratic Republic of the Congo's PPP-converted GDP per capita is only 1.7% of the U.S. level.
- This ratio has remained relatively stable over the past decade.
- The Democratic Republic of the Congo is one of the poorest countries in the world by this metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita of the Democratic Republic of the Congo 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: The PPP-converted GDP per capita ratio is widely used by economists and policymakers to evaluate relative economic performance and guide economic policies. It allows for more accurate comparisons of living standards and productivity between nations.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which is a standard approach for PPP conversion.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing the Democratic Republic of the Congo's economic progress and competitiveness in the global market, which can inform economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to update delays and potential limitations in data collection and PPP conversion methods, which should be considered when interpreting the trend.
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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 Democratic Republic of the Congo (PGDPUSCDA621NUPN), retrieved from FRED.