Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Sri Lanka
PGDPUSLKA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.90
Year-over-Year Change
39.68%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures Sri Lanka's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the standard of living and economic development in Sri Lanka 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 PPP-converted GDP per capita relative to the U.S. is an important indicator of a country's economic performance and living standards. It accounts for differences in price levels between countries to better reflect purchasing power and enable cross-country comparisons.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic development and make informed decisions.
Key Facts
- Sri Lanka's PPP-converted GDP per capita was 16.4% of the U.S. level in 2021.
- The PPP adjustment accounts for differences in cost of living between countries.
- The G-K method provides a multilateral approach to PPP conversion.
FAQs
Q: What does this economic trend measure?
A: This trend measures Sri Lanka's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the standard of living and economic development in Sri Lanka compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita relative to the U.S. is an important indicator of a country's economic performance and living standards. It enables cross-country comparisons by accounting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic development and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be some limitations in data availability or comparability 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 Sri Lanka (PGDPUSLKA621NUPN), retrieved from FRED.