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United States GDP per capita PPPThe Gross Domestic Product per capita in the United States was last reported at 47198.50 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in the United States, when adjusted by Purchasing Power Parity is equivalent to 215 percent of the world's average. Historically, from 1980 until 2010, the United States GDP per capita PPP averaged 29147.9400 USD reaching an all time high of 47198.5000 USD in December of 2010 and a record low of 12185.7200 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for the United States GDP per capita PPP.
GDP per capita PPP
The gross domestic product dollar estimates given on this page are derived from purchasing power parity (PPP) calculations. Using a PPP basis is arguably more useful when comparing generalized differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income. However, economies do self-adjust to currency changes over time, and technology intensive and luxury goods, raw materials and energy prices are mostly unaffected by difference in currency (the latter more by subsidies), despite being critical to national development, therefore, the sales of foreign apparel or gasoline per liter in China is more accurately measured by the nominal figure, but everyday food and haircuts by PPP. The gross domestic product per capita is the value of all final goods and services produced within a nation in a given year divided by the average (or mid-year) population for the same year. The gross domestic product (GDP) is one of the measures of national income and output for a given country's economy. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).
UNITED STATES NEWS
U.S. Annual Inflation Down to 2.3% in April
Published: 5/15/2012 1:35:37 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.3 percent before seasonal adjustment.
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U.S. Trade Deficit Widens in March
Published: 5/10/2012 1:41:51 PM
By: TradingEconomics.com, U.S. Census Bureau
Total March exports of $186.8 billion and imports of $238.6 billion resulted in a goods and services deficit of $51.8 billion, up from $45.4 billion in February, revised. March exports were $5.3 billion more than February exports of $181.5 billion. March imports were $11.7 billion more than February imports of $226.9 billion.
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U.S. GDP Up 2.2% in Q1
Published: 5/7/2012 4:44:08 PM
By: TradingEconomics.com, U.S. Bureau of Economic Analysis
U.S. real gross domestic product increased at an annual rate of 2.2 percent in the first quarter of 2012 (that is, from the fourth quarter to the first quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2011, real GDP increased 3.0 percent.
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U.S. Unemployment Down to 8.1% in April, Nonfarm Payrolls Up 115K
Published: 5/4/2012 1:41:07 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
U.S. Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care, but declined in transportation and warehousing.
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U.S. Federal Reserve Reaffirms Low-Rate Policy
Published: 4/25/2012 9:09:14 PM
By: TradingEconomics.com, Fed
U.S. Federal Reserve on April 25th confirmed the plan to keep short-term interest rates near zero through late 2014 and modestly toned down their assessment of the economy's performance.
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U.S. Annual Inflation Rate Down to 2.7% in March
Published: 4/13/2012 1:34:59 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in March on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment.
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U.S. Trade Deficit Narrows in February
Published: 4/12/2012 1:37:02 PM
By: TradingEconomics.com, U.S. Bureau of Economic Analysis
Total February exports of $181.2 billion and imports of $227.2 billion resulted in a goods and services deficit of $46.0 billion, down from $52.5 billion in January, revised. February exports were $0.2 billion more than January exports of $180.9 billion. February imports were $6.3 billion less than January imports of $233.4 billion.
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U.S. Added 120K Jobs in March, Unemployment At 8.2%
Published: 4/6/2012 1:37:03 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate was little changed at 8.2 percent, the U.S. Bureau of Labor Statistics reported. Employment rose in manufacturing, food services and drinking places, and health care, but was down in retail trade.
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U.S. Annual Inflation Rate at 2.9% in February
Published: 3/16/2012 7:09:42 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.9 percent before seasonal adjustment.
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U.S. Fed Keeps Monetary Policy Unchanged
Published: 3/13/2012 6:38:37 PM
By: TradingEconomics.com, Federal Reserve
The Federal Reserve acknowledged recent signs of strength in the economy and said recent financial market strains have eased, offering few clues on the chances for further monetary easing.
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