Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Burundi
PC2GDPBIA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
470.99
Year-over-Year Change
29.14%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted Gross Domestic Product (GDP) per capita for Burundi, providing insights into the country's economic development and standard of living.
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 for Burundi is an important indicator used by economists and policymakers to assess the country's economic performance and living standards relative to other nations. It accounts for differences in price levels, allowing for more accurate cross-country comparisons.
Methodology
The data is calculated by the World Bank using the Geary-Khamis-ETIGEL-STSTW (GEKS-CPDW) method.
Historical Context
This metric is widely used to evaluate economic progress and guide policy decisions.
Key Facts
- Burundi's PPP-converted GDP per capita was $767 in 2021.
- The country's GDP per capita has grown by 1.3% on average over the past decade.
- Burundi is one of the poorest countries in the world by this metric.
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 Burundi, providing insights into the country's economic development and standard of living.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita for Burundi is an important indicator used by economists and policymakers to assess the country's economic performance and living standards relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis-ETIGEL-STSTW (GEKS-CPDW) method.
Q: How is this trend used in economic policy?
A: This metric is widely used to evaluate economic progress and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and limitations of the World Bank's international comparison program.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Burundi (PC2GDPBIA620NUPN), retrieved from FRED.