Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Eritrea
PGDPUSERA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.52
Year-over-Year Change
-40.35%
Date Range
1/1/1992 - 1/1/2010
Summary
This trend measures Eritrea's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States, using the Geary-Khamis (G-K) method and current prices. It provides insights into the comparative 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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric allows economists to assess and compare the real purchasing power and living standards across different countries, adjusting for differences in price levels. This is a key indicator for evaluating economic development and cross-country inequality.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert national accounts data into a common currency.
Historical Context
Policymakers and international organizations use this metric to inform decisions on economic and development policies.
Key Facts
- Eritrea's GDP per capita is approximately 2% of the U.S. level.
- The G-K method accounts for differences in relative prices across countries.
- This metric is widely used to evaluate global inequality and convergence.
FAQs
Q: What does this economic trend measure?
A: This trend measures Eritrea's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States, using the Geary-Khamis (G-K) method and current prices.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for meaningful comparisons of living standards and economic productivity between Eritrea and the United States, accounting for differences in price levels across the two countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert national accounts data into a common currency.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to inform decisions on economic and development policies, as it provides insights into comparative living standards and economic productivity across countries.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank, and there may be lags in data availability depending on the reporting and publication schedules.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Romania
PGDPUSROA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Cuba
PGD2USCUA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Jamaica
PGD2USJMA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Kazakhstan
PGD2USKZA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Luxembourg
PGDPUSLUA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Dominica
PGD2USDMA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Eritrea (PGDPUSERA621NUPN), retrieved from FRED.