Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bahrain
PCDGDPBHA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,875.00
Year-over-Year Change
42.00%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the purchasing power parity converted domestic absorption per capita in Bahrain, providing insights into the standard of living and economic productivity of the country.
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
Purchasing power parity (PPP) conversion adjusts economic indicators to account for differences in the cost of living across countries, enabling more accurate cross-country comparisons. This specific trend focuses on domestic absorption, which includes private consumption, government consumption, and investment.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method, which is a multilateral price index approach.
Historical Context
This metric is widely used by economists and policymakers to evaluate economic performance and living standards.
Key Facts
- Bahrain's PPP-adjusted domestic absorption per capita was $33,723 in 2021.
- This metric has grown by an average of 2.3% annually over the past decade.
- Bahrain's domestic absorption per capita is higher than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita in Bahrain. Domestic absorption includes private consumption, government consumption, and investment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic productivity across countries by adjusting for differences in the cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method, which is a multilateral price index approach.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate economic performance and living standards, both within Bahrain and in comparison to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bahrain (PCDGDPBHA620NUPN), retrieved from FRED.