Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Mozambique
PGDPUSMZA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.85
Year-over-Year Change
61.08%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures Mozambique's Gross Domestic Product (GDP) per capita relative to the United States, adjusted for purchasing power parity. It provides insights into the comparative living standards and economic development 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 compares the economic productivity and living standards of Mozambique to the U.S. by adjusting for differences in the cost of living and exchange rates. This helps analysts and policymakers evaluate the relative economic position and growth trajectories of the two countries.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which accounts for price level differences across countries.
Historical Context
This trend is widely used by economists, investors, and policymakers to assess Mozambique's economic competitiveness and development progress.
Key Facts
- Mozambique's GDP per capita is approximately 3% of the U.S. level.
- The relative measure has increased from 2.7% in 2000 to 3.1% in 2020.
- Mozambique is classified as a low-income developing economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This metric compares Mozambique's Gross Domestic Product (GDP) per capita to the United States, adjusting for differences in purchasing power and cost of living between the two countries.
Q: Why is this trend relevant for users or analysts?
A: The relative GDP per capita measure provides insights into the comparative living standards and economic development between Mozambique and the U.S., which is useful for economists, policymakers, and investors assessing Mozambique's economic position and growth trajectory.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which accounts for price level differences across countries.
Q: How is this trend used in economic policy?
A: This relative GDP per capita metric is widely used by economists, investors, and policymakers to assess Mozambique's economic competitiveness and development progress compared to the United States.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the compiling institution, the U.S. Federal Reserve.
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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 Mozambique (PGDPUSMZA621NUPN), retrieved from FRED.