Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Poland
PGDPUSPLA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.77
Year-over-Year Change
45.04%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Poland's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic productivity of 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 output and prosperity levels between Poland and the U.S., adjusting for differences in domestic price levels. This metric is widely used by economists and policymakers to evaluate cross-country variations in standards of living.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which is a commonly accepted international standard for PPP comparisons.
Historical Context
This trend informs analyses of economic convergence, competitiveness, and international development policies.
Key Facts
- Poland's PPP-adjusted GDP per capita is approximately 60% of the U.S. level.
- The ratio has increased over time, indicating gradual economic convergence.
- PPP comparisons are critical for evaluating global income inequality and development progress.
FAQs
Q: What does this economic trend measure?
A: This trend measures Poland's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic productivity of 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 variations in standards of living and inform analyses of economic convergence, competitiveness, and international development policies.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which is a commonly accepted international standard for PPP comparisons.
Q: How is this trend used in economic policy?
A: This trend informs analyses of economic convergence, competitiveness, and international development policies by providing insights into the comparative living standards and economic productivity of Poland and the United States.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of GDP and PPP information from national statistical agencies and international organizations.
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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 Poland (PGDPUSPLA621NUPN), retrieved from FRED.