Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Burkina Faso
PC2GDPBFA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,180.92
Year-over-Year Change
81.65%
Date Range
1/1/1959 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Burkina Faso, providing a standardized metric for international economic comparisons.
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 the nominal GDP per capita figure to account for differences in purchasing power across countries, enabling more accurate assessments of living standards and economic development.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to derive PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate Burkina Faso's economic performance and living standards relative to other nations.
Key Facts
- Burkina Faso's PPP-adjusted GDP per capita was $2,305 in 2021.
- This represents a 75% increase from the 2000 level of $1,314.
- Burkina Faso ranks 167th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Burkina Faso, which adjusts the nominal GDP figure to account for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric enables more accurate comparisons of living standards and economic development between Burkina Faso and other nations, as it takes into account differences in price levels and purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to derive PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate Burkina Faso's economic performance and living standards relative to other countries, informing policy decisions and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be a time lag in availability compared to other economic indicators.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Burkina Faso (PC2GDPBFA620NUPN), retrieved from FRED.