Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Bolivia
PC2GDPBOA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,635.98
Year-over-Year Change
78.19%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures Bolivia's purchasing power parity (PPP) converted GDP per capita, providing a standardized metric for comparing economic output and living standards across countries.
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-adjusted GDP per capita accounts for differences in price levels between countries, allowing more accurate international comparisons of real income and economic well-being. This data is widely used by economists, policymakers, and international organizations to analyze global development and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert national GDP figures to a common currency and control for price level differences.
Historical Context
This metric informs discussions around global inequality, growth, and the relative economic performance of developing economies.
Key Facts
- Bolivia's 2021 PPP-adjusted GDP per capita was $7,376.
- Bolivia's PPP GDP per capita is about 15% of the U.S. level.
- Bolivia's PPP GDP per capita has grown by 31% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures Bolivia's purchasing power parity (PPP) converted GDP per capita, a standardized metric for comparing economic output and living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is widely used by economists, policymakers, and international organizations to analyze global development and living standards in a more accurate and meaningful way than simple exchange rate-based comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert national GDP figures to a common currency and control for price level differences.
Q: How is this trend used in economic policy?
A: This metric informs discussions around global inequality, growth, and the relative economic performance of developing economies, which is relevant for policymakers, investors, and international organizations.
Q: Are there update delays or limitations?
A: The data may have a delay of up to a year due to the complex methodology used to calculate PPP-adjusted GDP figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Bolivia (PC2GDPBOA620NUPN), retrieved from FRED.