Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Bulgaria
PGDPUSBGA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.08
Year-over-Year Change
72.64%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Bulgaria's Gross Domestic Product (GDP) per capita relative to the United States, adjusted for differences in purchasing power. It is an important indicator of a country's economic development and living standards compared to the world's largest economy.
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 a country's GDP per person to the U.S. using a PPP exchange rate. This adjusts for price level differences between countries, providing a more accurate assessment of living standards and economic performance.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method to determine PPP exchange rates.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate a country's economic development and competitiveness.
Key Facts
- Bulgaria's GDP per capita is approximately 25% of the U.S. level.
- Bulgaria's economy has grown steadily since the 1990s but remains one of the poorest in the European Union.
- Adjusting for purchasing power differences is crucial for accurately comparing living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Bulgaria's 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 a more accurate assessment of Bulgaria's economic development and living standards compared to the world's largest economy, the United States. It is widely used by economists, policymakers, and international organizations to evaluate a country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method to determine purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to evaluate a country's economic development, living standards, and competitiveness compared to other nations. It informs policy decisions related to trade, investment, and economic integration.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as the World Bank must collect and process the necessary information from various sources. Additionally, the PPP methodology may have certain limitations in accurately capturing all price level differences between countries.
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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 Bulgaria (PGDPUSBGA621NUPN), retrieved from FRED.