Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Bangladesh
PGD2USBDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
33.54%
Date Range
1/1/1959 - 1/1/2010
Summary
This economic trend measures Bangladesh's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the standard of living and productivity levels between the two 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 ratio compares the total economic output of Bangladesh to the U.S., adjusted for differences in prices and currency exchange rates. This helps analysts assess the true comparative living standards and productivity between the two nations.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP to international dollars.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic development and make cross-country comparisons.
Key Facts
- Bangladesh's PPP-adjusted GDP per capita is around 5% of the U.S. level.
- This ratio has slowly increased over the past two decades as Bangladesh's economy has grown.
- Comparing PPP-adjusted GDP helps account for cost-of-living differences between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Bangladesh's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the comparative standard of living and productivity levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita ratio is widely used by economists, policymakers, and international organizations to evaluate economic development and make cross-country comparisons, accounting for differences in prices and exchange rates.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP to international dollars.
Q: How is this trend used in economic policy?
A: This metric is used by analysts and institutions to assess the comparative living standards and productivity between Bangladesh and the United States, which informs economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay, and may be subject to revisions as more information becomes available.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Ecuador
PGDPUSECA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Rwanda
PGDPUSRWA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Benin
PGD2USBJA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Oman
PGD2USOMA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Papua New Guinea
PGD2USPGA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Venezuela
PGDPUSVEA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Bangladesh (PGD2USBDA621NUPN), retrieved from FRED.