Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Bolivia
RGDPCHBOA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,743.84
Year-over-Year Change
20.73%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Bolivia's real gross domestic product (GDP) per capita adjusted for purchasing power parity. It provides a more accurate comparison of living standards across countries than using nominal exchange rates.
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 Converted GDP Per Capita (Chain Series) for Bolivia is a key metric for evaluating the country's economic development and comparing its standard of living to other nations. It accounts for differences in the cost of living to better reflect the actual purchasing power of Bolivian consumers.
Methodology
The data is calculated by the World Bank using a chain-weighted methodology that combines national accounts and price data.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to inform economic policy and make cross-country comparisons.
Key Facts
- Bolivia's GDP per capita adjusted for purchasing power was $7,258 in 2021.
- Bolivia's GDP per capita is approximately 16% of the United States' level.
- Bolivia's ranking on the World Bank's PPP-adjusted GDP per capita list is 109th out of 187 countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Bolivia's real gross domestic product (GDP) per capita, adjusted for differences in purchasing power across countries. It provides a more accurate comparison of living standards than using nominal exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating Bolivia's economic development and comparing its standard of living to other nations. It helps inform economic policy decisions and provides a more realistic assessment of the Bolivian population's purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a chain-weighted methodology that combines national accounts and price data to adjust for differences in purchasing power across countries.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to inform economic policy decisions and make cross-country comparisons of living standards and economic development.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a delay of approximately one year. There may be limitations in data collection or comparability across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Bolivia (RGDPCHBOA625NUPN), retrieved from FRED.