Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Equatorial Guinea
PGDPUSGQA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.89
Year-over-Year Change
492.60%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Equatorial Guinea's GDP per capita relative to the United States, adjusted for purchasing power parity. It provides insights into the standard of living and economic development of Equatorial Guinea compared to the U.S.
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 GDP per capita of Equatorial Guinea to that of the U.S., after adjusting for differences in the purchasing power of their currencies. This allows for more accurate cross-country comparisons of economic welfare and productivity.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which is a standard approach for determining purchasing power parity.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess and compare the economic development of different countries.
Key Facts
- Equatorial Guinea's GDP per capita was 27% of the U.S. level in 2021.
- The country has experienced rapid economic growth in recent decades due to oil and gas production.
- Purchasing power parity adjustments are important for accurate cross-country comparisons of living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Equatorial Guinea's GDP per capita relative to the United States, after adjusting for differences in purchasing power between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic development between Equatorial Guinea and the U.S. than a simple exchange rate-based comparison.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a standard approach for determining purchasing power parity.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess and compare the economic development of different countries.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the accuracy of the purchasing power parity adjustment can be affected by the underlying data sources and methodological assumptions.
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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 Equatorial Guinea (PGDPUSGQA621NUPN), retrieved from FRED.