Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Trinidad and Tobago
PGDPUSTTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.81
Year-over-Year Change
69.75%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita of Trinidad and Tobago relative to the United States. It provides insights into the relative living standards and productivity levels 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 living standards and economic performance. This specific series uses the Geary-Khamis (G-K) method, a widely-used approach for PPP calculations.
Methodology
The data is calculated by the World Bank using GDP figures and PPP conversion factors.
Historical Context
This trend is useful for economists, policymakers, and analysts assessing the relative economic development and competitiveness of Trinidad and Tobago compared to the United States.
Key Facts
- Trinidad and Tobago's PPP-adjusted GDP per capita is around 40% of the U.S. level.
- This metric has shown gradual improvement over the past two decades.
- Trinidad and Tobago's economy is heavily dependent on oil and gas exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita of Trinidad and Tobago relative to the United States. It provides insights into the relative living standards and productivity levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is useful for economists, policymakers, and analysts assessing the relative economic development and competitiveness of Trinidad and Tobago compared to the United States.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP figures and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to compare the relative living standards and productivity levels between Trinidad and Tobago and the United States, informing discussions on economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the World Bank, which publishes the PPP-adjusted GDP per capita figures.
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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 Trinidad and Tobago (PGDPUSTTA621NUPN), retrieved from FRED.