Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for El Salvador
PGDPUSSVA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.66
Year-over-Year Change
1.63%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita in El Salvador relative to the United States. It provides a standardized comparison of 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 metric allows for cross-country comparisons of living standards, productivity, and economic development that are adjusted for differences in price levels. This helps economists and policymakers assess the relative economic well-being of populations.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a standard approach for converting GDP to a common currency.
Historical Context
This metric is widely used by international organizations, economists, and policymakers to evaluate economic performance and make policy decisions.
Key Facts
- El Salvador's PPP-converted GDP per capita is about 24% of the U.S. level.
- This metric has declined from 27% of the U.S. level in 2010.
- Relative GDP per capita is a key indicator of economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita in El Salvador relative to the United States. It provides a standardized comparison of 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 international organizations, economists, and policymakers to evaluate economic performance and make policy decisions related to living standards, productivity, and economic development.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a standard approach for converting GDP to a common currency.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess the relative economic well-being of populations and make informed decisions about economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the underlying sources, which may result in occasional update delays.
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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 El Salvador (PGDPUSSVA621NUPN), retrieved from FRED.