Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Bahrain
PC2GDPBHA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,434.47
Year-over-Year Change
78.76%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Bahrain's purchasing power parity (PPP) converted GDP per capita, providing a standardized metric for international comparisons of living standards and economic productivity.
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 indicator adjusts the raw GDP figure to account for differences in purchasing power across countries, enabling more accurate cross-national analysis of economic well-being and development.
Methodology
The data is calculated using the Geary-Khamis-CPDW method, a multilateral PPP index that ensures transitivity between countries.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards globally.
Key Facts
- Bahrain's PPP-adjusted GDP per capita was $51,525 in 2021.
- This places Bahrain among the wealthiest countries globally by this metric.
- Bahrain's economic prosperity is driven by its oil and gas exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures Bahrain's purchasing power parity (PPP) converted GDP per capita, providing a standardized metric for comparing living standards and economic productivity across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a widely used indicator that enables more accurate cross-national analysis of economic well-being and development compared to raw GDP figures.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-CPDW method, a multilateral PPP index that ensures transitivity between countries.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to evaluate economic performance and living standards globally, informing policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the PPP conversion relies on complex multilateral calculations across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Bahrain (PC2GDPBHA620NUPN), retrieved from FRED.