Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Burkina Faso
PPCGDPBFA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,149.93
Year-over-Year Change
78.68%
Date Range
1/1/1959 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Burkina Faso. It provides insights into the country's standard of living and economic development relative to other nations.
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 the GDP value to account for differences in purchasing power across countries, enabling more accurate comparisons of living standards. The G-K method is a specific PPP calculation approach.
Methodology
The data is collected and calculated by the World Bank using household surveys and national accounts.
Historical Context
This indicator informs economic policy decisions and analysis of Burkina Faso's economic performance.
Key Facts
- Burkina Faso's PPP-adjusted GDP per capita was $2,103 in 2021.
- Burkina Faso ranks 162nd globally in PPP GDP per capita.
- The PPP adjustment accounts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Burkina Faso, providing insights into the country's standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric enables more accurate comparisons of living standards across countries by accounting for differences in purchasing power. It informs economic policy decisions and analysis of Burkina Faso's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household surveys and national accounts.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and international institutions to analyze Burkina Faso's economic development and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be a 1-2 year delay in the most recent figures becoming available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Burkina Faso (PPCGDPBFA620NUPN), retrieved from FRED.