Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Puerto Rico
PPCGDPPRA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,059.55
Year-over-Year Change
48.23%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Puerto Rico measures the economic output per person in Puerto Rico adjusted for differences in purchasing power 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
This metric provides a more accurate comparison of living standards and economic productivity in Puerto Rico relative to other countries by accounting for price level differences. It is a widely used indicator for evaluating economic development and standards of living.
Methodology
The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to adjust for purchasing power parity.
Historical Context
Policymakers and economists use this metric to benchmark Puerto Rico's economic performance and living standards.
Key Facts
- Puerto Rico's 2021 GDP per capita was $32,706.
- This represents 60% of the U.S. GDP per capita on a PPP-adjusted basis.
- Puerto Rico's PPP-adjusted GDP per capita has grown by 18% since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the economic output per person in Puerto Rico, adjusted for differences in purchasing power compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted GDP per capita is a crucial indicator for evaluating Puerto Rico's economic development and living standards relative to other economies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to adjust for purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to benchmark Puerto Rico's economic performance and living standards compared to other countries.
Q: Are there update delays or limitations?
A: There may be lags in data availability, and the PPP adjustment methodology can have limitations in fully capturing price differences across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Puerto Rico (PPCGDPPRA620NUPN), retrieved from FRED.