Gross Domestic Product Per Capita for the Plurinational State of Bolivia
PCAGDPBOA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,001.21
Year-over-Year Change
55.35%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic indicator measures the total economic output of Bolivia divided by its population, providing a gauge of the country's standard of living and economic development.
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
Gross Domestic Product (GDP) per capita is a key metric used to assess a country's economic performance and progress. It represents the total value of goods and services produced, divided by the total population, offering insights into Bolivia's productivity and affluence.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
GDP per capita is widely used by policymakers, investors, and analysts to compare economic conditions across countries and over time.
Key Facts
- Bolivia's GDP per capita was $3,585 in 2021.
- Bolivia's GDP per capita has grown by 34% over the past decade.
- Bolivia ranks 108th globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total economic output of Bolivia divided by its population, providing a gauge of the country's standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used metric for assessing a country's economic performance and progress, offering insights into its productivity and affluence.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: GDP per capita is used by policymakers, investors, and analysts to compare economic conditions across countries and over time, informing decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with a potential delay of several months.
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DCBOLA052SCEN
Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Bolivia
BOLFCIOFMNUM
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Number of Identified Exporters to the Plurinational State of Bolivia from New Jersey
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Number of Identified Exporters to the Plurinational State of Bolivia from Washington
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for the Plurinational State of Bolivia (PCAGDPBOA646NWDB), retrieved from FRED.