Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for United States
PPCGDPUSA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,568.57
Year-over-Year Change
46.96%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power-adjusted GDP per capita for the United States, using the Geary-Khamis (G-K) method. It provides a standardized metric for comparing the relative 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
Purchasing power parity (PPP) GDP per capita is a measure of economic output that accounts for differences in the cost of living between countries. The G-K method is a widely-used technique for calculating PPP that allows for more accurate cross-country comparisons than market exchange rates alone.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
Policymakers and analysts use this metric to evaluate the relative prosperity and development levels of different economies.
Key Facts
- The U.S. had a PPP-adjusted GDP per capita of $63,416 in 2021.
- PPP GDP per capita adjusts for cost-of-living differences across countries.
- The G-K method is a widely-used technique for calculating purchasing power parity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power-adjusted GDP per capita for the United States, using the Geary-Khamis (G-K) method. It provides a standardized metric for comparing the relative economic output and living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers and analysts evaluating the relative prosperity and development levels of different economies, as it accounts for differences in the cost of living between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the relative prosperity and development levels of different economies, informing decisions related to economic policy, trade, and international development.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and price survey information, which can result in update delays or limitations in geographic or temporal coverage.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for United States (PPCGDPUSA620NUPN), retrieved from FRED.