Output-side Real GDP at Current Purchasing Power Parities for Bulgaria
CGDPOSBGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150,325.44
Year-over-Year Change
34.05%
Date Range
1/1/1970 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Bulgaria, adjusted for purchasing power parity (PPP). It is a key indicator of the overall size and performance of the Bulgarian economy.
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
Output-side real GDP at current PPPs provides a standardized measure of economic output that allows for cross-country comparisons. It is widely used by economists and policymakers to analyze Bulgaria's economic growth and development relative to other nations.
Methodology
The data is calculated by the World Bank using expenditure-side real GDP and PPP conversion factors.
Historical Context
This trend informs decision-making on trade, investment, and macroeconomic policies in Bulgaria and globally.
Key Facts
- Bulgaria's real GDP at PPP was $203 billion in 2021.
- GDP per capita at PPP was $29,305 in 2021.
- The Bulgarian economy grew by 4.2% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Bulgaria, adjusted for purchasing power parity (PPP). It provides a standardized measure of economic output that allows for cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to analyze Bulgaria's economic growth and development relative to other nations, informing decisions on trade, investment, and macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side real GDP and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend informs decision-making on trade, investment, and macroeconomic policies in Bulgaria and globally.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a time lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Bulgaria (CGDPOSBGA666NRUG), retrieved from FRED.