Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Mauritania
PGDPUSMRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.60
Year-over-Year Change
51.94%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Mauritania'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 Mauritania 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 Purchasing Power Parity (PPP) Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Mauritania represents the ratio of Mauritania's GDP per capita to the U.S. GDP per capita, adjusted for differences in purchasing power. This metric is useful for cross-country comparisons of living standards and productivity.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for price level differences between countries.
Historical Context
This trend is valuable for economists, policymakers, and investors to assess Mauritania's economic performance and development relative to the global economic superpower, the United States.
Key Facts
- Mauritania's GDP per capita is approximately 3% of the U.S. level.
- This metric has remained relatively stable over the past decade.
- Mauritania is classified as a lower-middle income country by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures Mauritania'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 Mauritania compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for economists, policymakers, and investors to assess Mauritania's economic performance and development relative to the global economic superpower, the United States.
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 between countries.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate Mauritania's living standards and productivity compared to the U.S., informing economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of GDP and price level information for Mauritania and the United States.
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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 Mauritania (PGDPUSMRA621NUPN), retrieved from FRED.