Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Bulgaria
PPCGDPBGA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,612.64
Year-over-Year Change
153.71%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted GDP per capita for Bulgaria, using the Geary-Khamis (G-K) method. It provides insights into the overall economic well-being and living standards within the country.
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 metric adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of economic output and living standards. The G-K method is a specific PPP calculation approach.
Methodology
The data is collected and calculated by the World Bank based on national accounts and price survey information.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic development and make informed decisions.
Key Facts
- Bulgaria's PPP-adjusted GDP per capita was $23,894 in 2021.
- This metric has grown by over 250% since 1990.
- Bulgaria's PPP GDP per capita is around 50% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted GDP per capita for Bulgaria, using the Geary-Khamis (G-K) method. It provides insights into the overall economic well-being and living standards within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic output and living standards by adjusting for differences in price levels between countries. It is widely used by economists, policymakers, and international organizations to evaluate economic development and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate economic development and make informed decisions regarding economic policy, trade, and investment.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Bulgaria (PPCGDPBGA620NUPN), retrieved from FRED.