Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Bosnia and Herzegovina
RGDPLPBAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,941.93
Year-over-Year Change
48.98%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Bosnia and Herzegovina, derived from growth rates of consumption, government consumption, and investment.
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 (Laspeyres) represents the total economic output of Bosnia and Herzegovina, adjusted for differences in purchasing power across countries. This metric is useful for international comparisons of living standards and economic development.
Methodology
The data is calculated by the World Bank using the Laspeyres method to adjust for price level differences.
Historical Context
Policymakers and analysts use this indicator to assess the relative economic performance and living standards in Bosnia and Herzegovina compared to other countries.
Key Facts
- Bosnia and Herzegovina's PPP-adjusted GDP per capita was $13,850 in 2021.
- The PPP-adjusted GDP per capita is 2.5 times higher than the nominal GDP per capita.
- Bosnia and Herzegovina's PPP-adjusted GDP per capita is about 40% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Bosnia and Herzegovina, which accounts for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a useful metric for comparing living standards and economic development between countries, providing a more accurate picture than nominal GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method to adjust for price level differences between countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the relative economic performance and living standards in Bosnia and Herzegovina compared to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid economic changes within a given year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Bosnia and Herzegovina (RGDPLPBAA625NUPN), retrieved from FRED.