Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for St.Vincent and Grenadines
PPCGDPVCA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,915.88
Year-over-Year Change
80.25%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for St. Vincent and the Grenadines, using the Geary-Khamis (G-K) method. It provides insights into the standard of living and economic productivity of the country.
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 for differences in price levels across countries, allowing for more accurate comparisons of economic output and living standards. The G-K method is a widely used approach for calculating PPP that takes into account a basket of goods and services.
Methodology
The data is calculated by the World Bank using household surveys and national accounts data.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess economic development and make cross-country comparisons.
Key Facts
- St. Vincent and the Grenadines is a small island country in the Caribbean.
- PPP-adjusted GDP per capita helps account for cost-of-living differences.
- The G-K method is a widely used approach for calculating purchasing power parity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for St. Vincent and the Grenadines, using the Geary-Khamis (G-K) method. It provides insights into the standard of living and economic productivity of the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess economic development and make cross-country comparisons, as the PPP adjustment allows for more accurate comparisons of economic output and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household surveys and national accounts data.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the relative economic performance and development of St. Vincent and the Grenadines, and to make comparisons with other countries.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and revisions by the World Bank, and may not capture all nuances of economic activity and living standards within St. Vincent and the Grenadines.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for St.Vincent and Grenadines (PPCGDPVCA620NUPN), retrieved from FRED.