Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Bermuda
RGDPLPBMA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,862.02
Year-over-Year Change
21.80%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for Bermuda, derived from growth rates of consumption, government spending, and investment. It provides insights into the real standard of living and economic productivity in Bermuda.
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) for Bermuda is a measure of the country's economic output adjusted for differences in the cost of living and purchasing power across countries. This allows for more accurate comparisons of living standards and productivity.
Methodology
The data is calculated by the U.S. Federal Reserve using growth rates of key macroeconomic components.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess Bermuda's economic performance and competitiveness.
Key Facts
- Bermuda's PPP-adjusted GDP per capita was $86,798 in 2020.
- Bermuda has one of the highest GDP per capita in the world.
- The Laspeyres method is used to calculate this PPP-adjusted GDP measure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Bermuda, derived from growth rates of consumption, government spending, and investment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the real standard of living and economic productivity in Bermuda, allowing for more accurate comparisons across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using growth rates of key macroeconomic components.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to assess Bermuda's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to regular updates by the U.S. Federal Reserve, but may have some publication delays.
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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 Bermuda (RGDPLPBMA625NUPN), retrieved from FRED.