Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Guinea-Bissau
PC2GDPGWA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
918.74
Year-over-Year Change
52.47%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per capita for Guinea-Bissau, adjusting for price differences across countries. It provides a standardized metric for comparing economic output and living standards globally.
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 metric accounts for variations in national price levels, enabling more accurate cross-country comparisons of economic activity and standards of living than using market exchange rates alone. This is a key indicator used by economists and policymakers to evaluate development progress.
Methodology
The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to convert local currency GDP figures to a common unit.
Historical Context
This metric informs development policies, trade negotiations, and global economic analysis.
Key Facts
- Guinea-Bissau's PPP-adjusted GDP per capita was $1,614 in 2021.
- This represents a 15% increase from the 2016 level of $1,406.
- Guinea-Bissau ranks 170th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity (PPP) converted GDP per capita for Guinea-Bissau, adjusting for price differences across countries to enable more accurate international comparisons of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key indicator used by economists and policymakers to evaluate development progress and living standards across countries, informing policies, trade negotiations, and global economic analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis 'international dollar' method to convert local currency GDP figures to a common unit.
Q: How is this trend used in economic policy?
A: This metric informs development policies, trade negotiations, and broader global economic analysis by providing a standardized basis for comparing economic output and living standards across countries.
Q: Are there update delays or limitations?
A: There may be some time lag in data availability, as the World Bank compiles and releases the PPP-adjusted GDP per capita figures on an annual basis.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Guinea-Bissau (PC2GDPGWA620NUPN), retrieved from FRED.