Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Bosnia and Herzegovina
PGDPUSBAA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.96
Year-over-Year Change
37.03%
Date Range
1/1/1990 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP)-adjusted GDP per capita of Bosnia and Herzegovina relative to the United States. It provides insights into the economic well-being and development of Bosnia and Herzegovina 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 PPP-converted GDP per capita metric adjusts for differences in price levels across countries, allowing for more accurate comparisons of living standards and economic productivity. This relative measure is useful for analyzing Bosnia and Herzegovina's economic convergence or divergence with the U.S. over time.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a widely-used approach for international GDP comparisons.
Historical Context
This trend is relevant for policymakers, economists, and international organizations evaluating Bosnia and Herzegovina's economic progress and competitiveness.
Key Facts
- Bosnia and Herzegovina's GDP per capita is around 31% of the U.S. level.
- The PPP-adjusted metric accounts for differences in cost of living between the two countries.
- This relative measure helps track Bosnia and Herzegovina's economic convergence with the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP)-adjusted GDP per capita of Bosnia and Herzegovina relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This relative measure provides insights into the economic well-being and development of Bosnia and Herzegovina compared to the U.S., which is useful for analyzing its economic convergence or divergence over time.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely-used approach for international GDP comparisons.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, economists, and international organizations evaluating Bosnia and Herzegovina's economic progress and competitiveness.
Q: Are there update delays or limitations?
A: There may be delays in data updates or limitations in cross-country comparisons due to differences in data collection and methodology.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Bosnia and Herzegovina (PGDPUSBAA621NUPN), retrieved from FRED.