Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Portugal
PGDPUSPTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.50
Year-over-Year Change
-1.93%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Portugal's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insight into the comparative living standards and productivity 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 metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic output and living standards. This relative indicator is useful for economists and policymakers analyzing Portugal's economic development and competitiveness.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a widely-accepted approach for PPP conversion.
Historical Context
This trend is valuable for assessing Portugal's economic performance and potential in global and regional markets.
Key Facts
- Portugal's GDP per capita is approximately 75% of the U.S. level.
- Portugal's relative economic output has gradually improved since the early 2000s.
- PPP conversion is crucial for accurate cross-country comparisons of living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Portugal's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States, providing insight into the comparative living standards and productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This relative indicator is useful for economists and policymakers analyzing Portugal's economic development and competitiveness, as well as assessing its performance and potential in global and regional markets.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely-accepted approach for PPP conversion.
Q: How is this trend used in economic policy?
A: This trend is valuable for assessing Portugal's economic performance and potential, providing insights that can inform policies aimed at improving living standards and economic competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential revisions of the underlying sources, which should be considered when using this trend for analysis.
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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 Portugal (PGDPUSPTA621NUPN), retrieved from FRED.