Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Morocco
PGDPUSMAA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.88
Year-over-Year Change
29.57%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures Morocco's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the economic well-being 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 overall economic productivity and standard of living between countries by adjusting for differences in purchasing power. This metric is widely used by economists and policymakers to evaluate cross-country income disparities and development levels.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which applies a system of weights to convert GDP to a common currency.
Historical Context
This trend is relevant for assessing Morocco's economic performance and competitiveness relative to the U.S. and can inform trade, investment, and development policies.
Key Facts
- Morocco's PPP-adjusted GDP per capita is around 15% of the U.S. level.
- The ratio has remained relatively stable over the past decade.
- Purchasing power parity adjustments are important for cross-country income comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures Morocco's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the economic well-being and productivity levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita ratio is widely used by economists and policymakers to evaluate cross-country income disparities and development levels. It helps assess Morocco's economic performance and competitiveness relative to the U.S.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which applies a system of weights to convert GDP to a common currency.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing Morocco's economic performance and competitiveness relative to the U.S. and can inform trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not capture the most recent economic conditions.
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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 Morocco (PGDPUSMAA621NUPN), retrieved from FRED.