Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Bhutan
RGDPCHBTA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,946.40
Year-over-Year Change
84.60%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) adjusted Gross Domestic Product (GDP) per capita for Bhutan on a chain-weighted basis. It provides insights into the relative economic well-being and productivity of the Bhutanese population.
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 (chain series) for Bhutan is a key metric used by economists and policymakers to assess the standard of living and economic development of the country. It accounts for differences in purchasing power across countries to enable more accurate cross-country comparisons.
Methodology
The data is calculated by the World Bank using PPP exchange rates and real GDP figures.
Historical Context
This trend is widely referenced in international economic analyses and policy decisions.
Key Facts
- Bhutan's PPP-adjusted GDP per capita was $9,336 in 2021.
- The PPP GDP per capita has grown by over 300% since 1980.
- Bhutan ranks 113th globally in terms of PPP GDP per capita.
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 Bhutan on a chain-weighted basis, providing insights into the relative economic well-being and productivity of the Bhutanese population.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a key metric used by economists and policymakers to assess the standard of living and economic development of a country, enabling more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Purchasing Power Parity exchange rates and real GDP figures.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in international economic analyses and policy decisions, providing insights into the relative economic well-being and productivity of the Bhutanese population.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with potential delays in availability depending on the release schedule.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Bhutan (RGDPCHBTA625NUPN), retrieved from FRED.