Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Federated States of Micronesia
PPCGDPFMA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,110.79
Year-over-Year Change
46.08%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita in the Federated States of Micronesia, using the Geary-Khamis (G-K) method and current prices.
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 is a key indicator of economic development and living standards. It allows for cross-country comparisons by adjusting for differences in price levels, providing a more accurate representation of real purchasing power.
Methodology
The data is collected and calculated by the World Bank using the G-K method, a multilateral price index that provides PPP estimates.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess and compare the economic performance and development of countries.
Key Facts
- The Federated States of Micronesia is a sovereign island country in the western Pacific Ocean.
- PPP-adjusted GDP per capita accounts for differences in the cost of living between countries.
- The G-K method is a multilateral price index that provides more accurate PPP estimates than bilateral comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita in the Federated States of Micronesia, using the Geary-Khamis (G-K) method and current prices.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a key indicator of economic development and living standards, allowing for more accurate cross-country comparisons by adjusting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the G-K method, a multilateral price index that provides PPP estimates.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess and compare the economic performance and development of countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Federated States of Micronesia (PPCGDPFMA620NUPN), retrieved from FRED.