Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Italy
PGDPUSITA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.24
Year-over-Year Change
-7.99%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures Italy's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. 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 for cross-country comparisons of living standards and economic output. The 'G-K method' refers to the Geary-Khamis methodology used to calculate the PPP conversion factor.
Methodology
The data is collected and calculated by the World Bank using household surveys and national accounts.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess relative economic performance and competitiveness.
Key Facts
- Italy's PPP-adjusted GDP per capita is approximately 72% of the U.S. level.
- This metric has declined from a high of 80% in the early 2000s.
- The G-K method accounts for differences in relative prices across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Italy's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides a way to compare living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the comparative economic performance and competitiveness between Italy and the United States. It is used by economists, policymakers, and market analysts to gain insights into relative living standards and productivity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household surveys and national accounts data.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the relative economic standing and competitiveness of Italy compared to the United States. It informs decision-making on trade, investment, and economic development policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, which may result in some delay between the reference period and the availability of the latest figures.
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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 Italy (PGDPUSITA621NUPN), retrieved from FRED.