Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Bahamas
RGDPLPBSA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,113.75
Year-over-Year Change
1.64%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the gross domestic product (GDP) per capita of the Bahamas, adjusted for purchasing power parity. It provides insights into the country's overall economic well-being and living standards.
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 (PPP) converted GDP per capita metric accounts for differences in the cost of living across countries, allowing for more accurate cross-country comparisons of economic output and prosperity. This series is derived from growth rates of consumption, government consumption, and investment.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula.
Historical Context
Policymakers and analysts use this indicator to assess the Bahamian economy's performance and living standards relative to other nations.
Key Facts
- The Bahamas' GDP per capita in 2020 was $31,148 (PPP).
- GDP per capita in the Bahamas is higher than the Latin America and Caribbean regional average.
- PPP adjustments account for differences in the cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the gross domestic product (GDP) per capita of the Bahamas, adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted GDP per capita metric provides a more accurate comparison of living standards and economic well-being across countries than unadjusted GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula to account for purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the Bahamian economy's performance and living standards relative to other nations.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the World Bank releases PPP-adjusted GDP figures on an irregular schedule.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Belgium
RGDPCHBEA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Chile
RGDPL2CLA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Grenada
RGDPL2GDA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Serbia
RGDPL2RSA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Burundi
RGDPCHBIA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Central African Republic
RGDPLPCFA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Bahamas (RGDPLPBSA625NUPN), retrieved from FRED.