Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Bhutan
PPCGDPBTA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,451.33
Year-over-Year Change
145.42%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted gross domestic product per capita for Bhutan using the Geary-Khamis (G-K) method. It provides a standardized metric for comparing the economic output and living standards across 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) conversion adjusts GDP to account for differences in price levels between countries, allowing for more accurate cross-country comparisons of economic activity and living standards. The G-K method is a widely used approach for calculating PPP-adjusted GDP per capita.
Methodology
The data is collected and calculated by the World Bank using a complex methodology involving price surveys and econometric modeling.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze and compare the economic development of different countries.
Key Facts
- Bhutan's PPP-adjusted GDP per capita was $9,994 in 2021.
- Bhutan's economy is dominated by hydropower, agriculture, and tourism.
- The country has experienced rapid economic growth in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted gross domestic product per capita for Bhutan, providing a standardized metric for comparing the country's economic output and living standards to other nations.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to analyze and compare the economic development and living standards of different countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using a complex methodology involving price surveys and econometric modeling.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, international organizations, and analysts to assess a country's economic performance, make cross-country comparisons, and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag, and there may be limitations in price survey coverage or adjustments for certain countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Bhutan (PPCGDPBTA620NUPN), retrieved from FRED.