Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Libya
PGDPUSLYA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.07
Year-over-Year Change
82.59%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures Libya's Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita, relative to the United States. It provides insights into the comparative living standards and 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 PPP-converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic well-being. This data series uses the Geary-Khamis (G-K) method, a widely adopted statistical technique for calculating PPP.
Methodology
The data is collected and calculated by the World Bank based on national accounts and price survey information.
Historical Context
This trend is used by economists, policymakers, and analysts to assess Libya's economic performance and development relative to the United States.
Key Facts
- Libya's PPP-converted GDP per capita is 27.7% of the US level (2021).
- The G-K method is a widely used approach for calculating global PPP data.
- PPP adjustments account for differences in the cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Libya's Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita, relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the comparative living standards and productivity between Libya and the United States, which is useful for economists, policymakers, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and analysts to assess Libya's economic performance and development relative to the United States.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank's national accounts and price survey information.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Mauritius
PGD2USMUA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Sierra Leone
PGD2USSLA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Hungary
PGD2USHUA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Costa Rica
PGD2USCRA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Seychelles
PGD2USSCA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Nigeria
PGDPUSNGA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Libya (PGDPUSLYA621NUPN), retrieved from FRED.