Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Barbados
PPCGDPBBA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,697.32
Year-over-Year Change
21.68%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) converted GDP per capita for Barbados, adjusted using the Geary-Khamis (G-K) method and expressed in current international dollars.
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 allows for cross-country comparisons of living standards and economic productivity by adjusting for differences in national price levels. The G-K method is a common approach for calculating PPP conversion factors.
Methodology
This data is collected and calculated by the World Bank using a variety of national accounts and survey sources.
Historical Context
This trend is widely used by economists, policymakers, and analysts to assess Barbados' economic performance and development.
Key Facts
- Barbados' PPP-adjusted GDP per capita was $18,590 in 2021.
- This metric has grown by an average of 1.2% annually over the past decade.
- Barbados ranks 58th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) converted GDP per capita for Barbados, adjusting for differences in national price levels.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita metric allows for more accurate cross-country comparisons of living standards and economic productivity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using a variety of national accounts and survey sources.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and analysts widely use this trend to assess Barbados' economic performance and development.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the World Bank relies on national statistical agencies for source data.
Related Trends
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for El Salvador
PCDGDPSVA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Georgia
PC2GDPGEA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Benin
PPCGDPBJA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Dominica
PCDGDPDMA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Czech Republic
PCDGDPCZA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Botswana
PPCGDPBWA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Barbados (PPCGDPBBA620NUPN), retrieved from FRED.