Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bolivia
PCDGDPBOA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,333.85
Year-over-Year Change
48.15%
Date Range
1/1/1950 - 1/1/2010
Summary
This metric measures Bolivia's domestic absorption per capita, adjusted for purchasing power parity. It provides insights into the real purchasing power and standard of living in 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 is used to account for differences in price levels between countries, allowing more accurate comparisons of economic indicators. This PPP-adjusted domestic absorption metric gives a nuanced view of Bolivia's economic activity and development.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method to convert local currency values to international dollars.
Historical Context
This indicator is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Key Facts
- Bolivia's PPP-adjusted domestic absorption per capita was $4,149 in 2021.
- This metric has grown by an average of 2.8% annually over the past decade.
- PPP conversion is essential for accurate cross-country economic comparisons.
FAQs
Q: What does this economic trend measure?
A: This metric measures Bolivia's domestic absorption per capita, adjusted for differences in purchasing power between countries. It provides insight into the real purchasing power and living standards in Bolivia.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted indicator is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries in a more nuanced way.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method to convert local currency values to international dollars, accounting for differences in price levels between countries.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and international organizations to assess Bolivia's economic development and living standards relative to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in the most recent year's figures. The methodology also relies on assumptions that may not fully capture all nuances of the local economy.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bolivia (PCDGDPBOA620NUPN), retrieved from FRED.