Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Palau
PPCGDPPWA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,520.55
Year-over-Year Change
40.06%
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 for Palau, using the Geary-Khamis (G-K) method at current prices. It provides a standardized measure of economic output 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-converted GDP per capita is a key indicator of a country's economic development and living standards. It adjusts the GDP figure to account for differences in purchasing power across countries, enabling more accurate international comparisons.
Methodology
The data is collected and calculated by the World Bank using the Geary-Khamis method, a multilateral comparison technique.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze and benchmark economic performance across nations.
Key Facts
- Palau's PPP-adjusted GDP per capita was $15,585 in 2021.
- This places Palau among the higher-income economies globally.
- The PPP conversion adjusts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Palau, using the Geary-Khamis (G-K) method at current prices. It provides a standardized measure of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a key indicator of a country's economic development and living standards, enabling more accurate international comparisons than using exchange rate-based GDP.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the Geary-Khamis method, a multilateral comparison technique.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to analyze and benchmark economic performance across nations.
Q: Are there update delays or limitations?
A: The data is published with some delay, but provides a standardized, reliable measure of economic output and living standards for Palau.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Palau (PPCGDPPWA620NUPN), retrieved from FRED.