Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for China
International Dollars, Annual, Not Seasonally Adjusted
PPCGD2CNA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,794.87
Year-over-Year Change
261.05%
Date Range
1/1/1952 - 1/1/2010
Summary
The 'International Dollars, Annual, Not Seasonally Adjusted' trend measures the purchasing power parity (PPP) conversion factor for gross domestic product (GDP) over time. This provides valuable insights into relative economic growth and living standards across 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 conversion factor compares the price levels between countries, allowing GDP to be expressed in 'international dollars' that have the same purchasing power as the U.S. dollar in the United States. This is an important metric for cross-country economic analysis and policy decisions.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
Policymakers and economists use this PPP-adjusted GDP measure to better understand global economic dynamics and make informed decisions.
Key Facts
- PPP conversion factor was 0.517 in 2021.
- This metric adjusts for price level differences across countries.
- It enables more accurate cross-country economic comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) conversion factor for gross domestic product (GDP), allowing GDP to be expressed in 'international dollars' with equal purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP measure is critical for cross-country economic analysis and policymaking, as it provides a more accurate comparison of living standards and economic growth between nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this PPP-adjusted GDP measure to better understand global economic dynamics and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may not fully capture rapid changes in relative price levels between countries.
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Citation
U.S. Federal Reserve, International Dollars, Annual, Not Seasonally Adjusted (PPCGD2CNA620NUPN), retrieved from FRED.