Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Honduras
PGDPUSHNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.17
Year-over-Year Change
-6.55%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita in Honduras 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 metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of real living standards. This data series uses the Geary-Khamis (G-K) method, a widely adopted PPP calculation approach.
Methodology
The data is collected and calculated by the World Bank using survey-based price data and national accounts information.
Historical Context
This trend is valuable for economists, policymakers, and analysts comparing the relative economic performance and development of Honduras and the United States.
Key Facts
- Honduras' GDP per capita is approximately 15% of the U.S. level.
- The PPP adjustment accounts for lower price levels in Honduras compared to the U.S.
- This metric provides a more accurate comparison of living standards between the two countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita in Honduras relative to the United States. It allows for a more accurate comparison of living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is valuable for economists, policymakers, and analysts comparing the relative economic performance and development of Honduras and the United States. It provides insights into comparative living standards that are not captured by nominal exchange rate comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using survey-based price data and national accounts information. The Geary-Khamis (G-K) method is used to derive the PPP-adjusted GDP per capita values.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to assess the relative economic performance and living standards between Honduras and the United States. It informs decision-making on trade, aid, and development policies.
Q: Are there update delays or limitations?
A: There may be update delays due to the time required to collect and process the underlying survey and national accounts data. Additionally, the PPP calculation methodology may have certain limitations in fully capturing all price and cost-of-living differences between the two countries.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Greece
PGD2USGRA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for New Zealand
PGD2USNZA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Germany
PGDPUSDEA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for St.Vincent and Grenadines
PGDPUSVCA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Iceland
PGDPUSISA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Malta
PGD2USMTA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Honduras (PGDPUSHNA621NUPN), retrieved from FRED.