Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Brunei
RGDPLPBNA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,543.01
Year-over-Year Change
0.28%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Brunei, 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 is an important metric that allows for cross-country comparisons of living standards and economic productivity, adjusting for differences in price levels between countries.
Methodology
The data is calculated by the World Bank using the Laspeyres method.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic development and living standards.
Key Facts
- Brunei's GDP per capita on a PPP basis was $75,732 in 2021.
- Brunei has one of the highest GDP per capita levels in Southeast Asia.
- The PPP adjustment 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 parity (PPP) converted gross domestic product (GDP) per capita for Brunei, adjusting for differences in price levels between countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is an important metric for comparing living standards and economic productivity across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic development and living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions over time.
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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 Brunei (RGDPLPBNA625NUPN), retrieved from FRED.