Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Puerto Rico
PGDPUSPRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.11
Year-over-Year Change
0.86%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted GDP per capita of Puerto Rico relative to the United States. It provides insights into the standard of living and economic development of Puerto Rico 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 Converted GDP Per Capita Relative to the United States measures the gross domestic product per capita of Puerto Rico adjusted for differences in purchasing power, expressed as a ratio to the U.S. value. This metric allows for more accurate comparisons of economic output and living standards between countries or regions with varying price levels.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for price level differences across countries.
Historical Context
This trend is useful for economists, policymakers, and analysts examining the relative economic performance and development of Puerto Rico compared to the mainland United States.
Key Facts
- Puerto Rico's GDP per capita is approximately 34% of the U.S. level.
- The trend has shown little improvement over the past two decades.
- Puerto Rico has faced economic challenges including population decline and high debt levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted GDP per capita of Puerto Rico relative to the United States. It provides insights into the standard of living and economic development of Puerto Rico compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the relative economic performance and development of Puerto Rico compared to the mainland United States, which is useful for economists, policymakers, and analysts examining Puerto Rico's economic challenges and policy responses.
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 across countries.
Q: How is this trend used in economic policy?
A: This trend provides insights that are relevant for economic policy decisions and analyses related to Puerto Rico's development, living standards, and competitiveness compared to the United States.
Q: Are there update delays or limitations?
A: There may be lags in data availability or updates, and the trend may not fully capture all economic and social factors affecting the relative position of Puerto Rico.
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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 Puerto Rico (PGDPUSPRA621NUPN), retrieved from FRED.