Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Saudi Arabia
PGDPUSSAA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.27
Year-over-Year Change
95.49%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita of Saudi Arabia relative to the United States. It provides insights into the comparative living standards and economic 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 ratio compares the output and purchasing power of economies, adjusting for differences in price levels. This metric is widely used by economists and policymakers to evaluate international competitiveness and living standards across countries.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which accounts for differences in relative prices across economies.
Historical Context
This trend is relevant for understanding Saudi Arabia's economic position and can inform trade, investment, and policy decisions.
Key Facts
- Saudi Arabia's PPP-converted GDP per capita is 47% of the U.S. level.
- The ratio has increased from 37% in 1990 to 47% in 2021.
- Saudi Arabia's economy ranks 16th globally by PPP-adjusted GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita of Saudi Arabia relative to the United States. It provides insights into the comparative living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate international competitiveness and living standards across countries. It informs trade, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which accounts for differences in relative prices across economies.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Saudi Arabia's economic position and can inform trade, investment, and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the underlying sources.
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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 Saudi Arabia (PGDPUSSAA621NUPN), retrieved from FRED.