Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bermuda
PCDGDPBMA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,268.81
Year-over-Year Change
104.96%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted domestic absorption per capita for Bermuda, providing insight into the country's overall economic activity and living standards.
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 factors are used to compare economic data across countries by adjusting for differences in price levels. This PPP-adjusted domestic absorption per capita metric gives a more accurate representation of Bermuda's economic well-being and consumption patterns.
Methodology
The data is calculated based on national accounts and price survey information.
Historical Context
Policymakers and analysts use this metric to evaluate Bermuda's economic performance and living standards relative to other countries.
Key Facts
- Bermuda has one of the highest GDP per capita in the world.
- Domestic absorption includes private and government consumption, as well as investment.
- PPP conversion factors help account for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Bermuda, providing insight into the country's overall economic activity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted metric gives a more accurate representation of Bermuda's economic well-being and consumption patterns, which is useful for policymakers and analysts evaluating the country's economic performance and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Bermuda's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price survey information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bermuda (PCDGDPBMA620NUPN), retrieved from FRED.