Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Macedonia
PPCGDPMKA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,627.40
Year-over-Year Change
80.24%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) converted GDP per capita for Macedonia, using the Geary-Khamis (G-K) method and current prices. It provides insights into the relative standard of living and economic productivity of the Macedonian population.
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 traditional GDP figures to account for differences in purchasing power across countries, enabling more accurate cross-country comparisons. The G-K method is a widely-used approach for calculating these PPP conversions.
Methodology
The data is collected and calculated by the World Bank using established PPP conversion factors and GDP per capita figures.
Historical Context
This trend is valuable for economists, policymakers, and investors analyzing the Macedonian economy and its position relative to other nations.
Key Facts
- Macedonia's PPP-adjusted GDP per capita was $15,501 in 2021.
- Macedonia's PPP-GDP per capita is approximately 36% of the United States' level.
- Macedonia has seen steady growth in PPP-GDP per capita over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) converted GDP per capita for Macedonia, using the Geary-Khamis (G-K) method and current prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative standard of living and economic productivity of the Macedonian population, enabling more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established PPP conversion factors and GDP per capita figures.
Q: How is this trend used in economic policy?
A: This trend is valuable for economists, policymakers, and investors analyzing the Macedonian economy and its position relative to other nations.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Macedonia (PPCGDPMKA620NUPN), retrieved from FRED.