Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Bahamas
PGD2USBSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.11
Year-over-Year Change
-15.23%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures Bahamas' Gross Domestic Product (GDP) per capita relative to the United States, adjusted for differences in purchasing power. It provides insights into the standard of living and economic development of Bahamas compared to the U.S.
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 Purchasing Power Parity (PPP) Converted GDP Per Capita Relative to the United States metric compares the economic output per person in Bahamas to the U.S., accounting for variations in price levels between the two countries. This allows for more accurate cross-country comparisons of living standards and productivity.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert local currencies to a common unit.
Historical Context
This indicator is widely used by economists, policymakers, and international organizations to assess relative economic performance and competitiveness.
Key Facts
- Bahamas' GDP per capita was 56.2% of the U.S. level in 2021.
- This metric has declined from a high of 69.7% in 1980.
- Adjusting for price differences is crucial for accurate cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Bahamas' Gross Domestic Product (GDP) per capita relative to the United States, adjusted for differences in purchasing power between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative standard of living and economic development of Bahamas compared to the U.S., which is useful for economists, policymakers, and international organizations assessing cross-country performance and competitiveness.
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 currencies to a common unit and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and international organizations to assess relative economic performance and competitiveness, informing policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability compared to the reference year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Bahamas (PGD2USBSA621NUPN), retrieved from FRED.