Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Bangladesh
PC2GDPBDA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,536.33
Year-over-Year Change
96.25%
Date Range
1/1/1959 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Bangladesh, providing insights into the country's economic development and living standards.
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 well-being. This data point is a key indicator used by economists and policymakers to evaluate a country's economic performance and progress.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method, which provides an internationally comparable measure of real income.
Historical Context
This trend is widely used to inform global economic policy decisions and assessments of economic development.
Key Facts
- Bangladesh's PPP-adjusted GDP per capita was $5,462 in 2021.
- The country has experienced steady economic growth in recent decades.
- PPP-adjusted metrics provide a more accurate view of living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Bangladesh, which adjusts for differences in price levels to provide a more accurate comparison of economic well-being.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate a country's economic performance and progress, as it offers a more comprehensive view of living standards compared to nominal GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method, which provides an internationally comparable measure of real income.
Q: How is this trend used in economic policy?
A: This trend is used to inform global economic policy decisions and assessments of economic development, as it provides a more accurate representation of a country's economic well-being and living standards.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in the most recent year's figures being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Bangladesh (PC2GDPBDA620NUPN), retrieved from FRED.