Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Bulgaria
RGDPLPBGA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,588.96
Year-over-Year Change
73.18%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted gross domestic product (GDP) per capita for Bulgaria, 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 Purchasing Power Parity Converted GDP Per Capita (Laspeyres) is a measure of economic productivity and living standards that takes into account differences in the cost of living between countries. It is a widely used statistic for international GDP comparisons.
Methodology
The data is calculated using the Laspeyres index method based on national accounts information.
Historical Context
This trend is relevant for policymakers and analysts assessing the relative economic performance and development of Bulgaria.
Key Facts
- Bulgaria's GDP per capita in purchasing power parity terms was $23,325 in 2021.
- Bulgaria's GDP per capita is approximately 49% of the United States' level.
- The Laspeyres index accounts for differences in the cost of living between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power-adjusted gross domestic product (GDP) per capita for Bulgaria, taking into account differences in the cost of living.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used for international comparisons of economic productivity and living standards, providing valuable insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres index method based on national accounts information.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing the relative economic performance and development of Bulgaria compared to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the underlying national accounts information.
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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 Bulgaria (RGDPLPBGA625NUPN), retrieved from FRED.