Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Guatemala
PGDPUSGTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.18
Year-over-Year Change
6.89%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Guatemala's per capita gross domestic product (GDP) relative to the United States, adjusted for purchasing power parity. It provides insight into the standard of living and economic development in Guatemala 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 economic output and purchasing power of Guatemala to the U.S. This can indicate Guatemala's level of economic development and the relative standard of living for its citizens.
Methodology
The data is calculated using the Geary-Khamis (G-K) method to adjust for differences in purchasing power across countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess relative economic performance and living standards between countries.
Key Facts
- Guatemala's GDP per capita is approximately 23% of the U.S. level.
- The PPP-adjusted GDP per capita gap between Guatemala and the U.S. has widened over the past two decades.
- Comparing relative purchasing power is important for understanding differences in living standards between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Guatemala's per capita gross domestic product (GDP) relative to the United States, adjusted for differences in purchasing power between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the relative standard of living and economic development in Guatemala compared to the U.S., which is useful for economists, policymakers, and international organizations assessing cross-country performance.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method to adjust for differences in purchasing power across countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess relative economic performance and living standards between countries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to update delays and potential limitations in accurately measuring purchasing power differences across countries.
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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 Guatemala (PGDPUSGTA621NUPN), retrieved from FRED.