Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Sudan
PGDPUSSDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.55
Year-over-Year Change
77.44%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Sudan's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the relative standard of living 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 PPP-converted GDP per capita ratio compares the output of goods and services produced in Sudan to the United States, adjusting for differences in price levels between the countries. This metric is useful for economists and policymakers to assess cross-country differences in economic well-being and productivity.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a widely adopted approach for determining PPP conversion factors.
Historical Context
This trend is relevant for analyzing Sudan's economic position and competitiveness relative to the US, which is a key global benchmark.
Key Facts
- Sudan's PPP-converted GDP per capita is around 5% of the US level.
- The ratio has remained relatively stable over the past decade.
- Tracking this trend is important for assessing Sudan's economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures Sudan's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the relative standard of living and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers to assess cross-country differences in economic well-being and productivity, which is important for analyzing Sudan's economic position and competitiveness relative to the US benchmark.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely adopted approach for determining PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing Sudan's economic position and competitiveness relative to the US, which is a key global benchmark used by markets, economists, and institutions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions common to macroeconomic indicators.
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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 Sudan (PGDPUSSDA621NUPN), retrieved from FRED.