Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Bhutan
PGDPUSBTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.56
Year-over-Year Change
66.99%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Bhutan's Gross Domestic Product (GDP) per capita relative to the United States, adjusted for purchasing power parity. It provides insight into the comparative living standards and economic development 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 Purchasing Power Parity (PPP) Converted GDP Per Capita Relative to the United States metric compares the economic output and living standards of Bhutan to the US. It is a widely used indicator for cross-country comparisons and assessments of global inequality.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for differences in price levels between countries.
Historical Context
This trend is relevant for policymakers, economists, and investors analyzing the relative economic performance and development of Bhutan compared to the US.
Key Facts
- Bhutan's GDP per capita is approximately 8% of the US level.
- This trend has been relatively stable over the past decade.
- Bhutan is classified as a lower-middle income country by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures Bhutan'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 valuable insights into the comparative living standards and economic development between Bhutan and the US, which is useful for policymakers, economists, and investors analyzing global economic performance.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which adjusts for differences in price levels between countries.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to assess the relative economic performance and development of Bhutan compared to the US, which can inform economic and trade policies.
Q: Are there update delays or limitations?
A: The data is subject to update delays, and may not fully capture all nuances of the relative economic conditions between Bhutan and the US.
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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 Bhutan (PGDPUSBTA621NUPN), retrieved from FRED.