Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for India
PGDPUSINA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.58
Year-over-Year Change
77.93%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures India's Purchasing Power Parity (PPP) adjusted GDP per capita relative to the United States. It provides insights into the comparative living standards and productivity levels 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 relative purchasing power of India and the U.S., accounting for differences in cost of living and exchange rates. This metric is widely used by economists and policymakers to evaluate economic development and living standards cross-nationally.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for price level differences across countries.
Historical Context
This trend is a key input for international economic comparisons and policy decisions.
Key Facts
- India's PPP-adjusted GDP per capita is around 12% of the U.S. level.
- This ratio has improved from around 7% in the 1990s, reflecting India's economic growth.
- The PPP adjustment is crucial as India's exchange rate-converted GDP per capita is only about 7% of the U.S.
FAQs
Q: What does this economic trend measure?
A: This indicator measures India's Purchasing Power Parity (PPP) adjusted GDP per capita relative to the United States. It provides insights into the comparative living standards and productivity levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate economic development and living standards cross-nationally. It is a key input for international economic comparisons and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which adjusts for price level differences across countries.
Q: How is this trend used in economic policy?
A: This trend is a key input for international economic comparisons and policy decisions, providing insights into the relative living standards and productivity levels between India and the United States.
Q: Are there update delays or limitations?
A: The data is subject to update delays and potential revisions as more information becomes available.
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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 India (PGDPUSINA621NUPN), retrieved from FRED.