Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Burundi
PGDPUSBIA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
-13.59%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Burundi's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the standard of living and economic development in Burundi compared to the U.S.
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 adjusts for differences in price levels between countries, allowing more accurate comparisons of living standards. This series uses the Geary-Khamis (G-K) method, a commonly used PPP calculation approach.
Methodology
The data is calculated based on national accounts and price survey information.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and progress.
Key Facts
- Burundi's GDP per capita is approximately 1.6% of the U.S. level.
- Burundi has one of the lowest GDP per capita figures globally.
- The PPP adjustment accounts for Burundi's lower price levels compared to the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures Burundi's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the standard of living and economic development in Burundi compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and progress, as it allows more accurate comparisons of living standards between countries.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to assess economic performance and progress, and to inform policy decisions related to development, trade, and international comparisons.
Q: Are there update delays or limitations?
A: The data may have some update delays, and the comparisons are limited to the specific countries and time periods covered.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Burundi (PGDPUSBIA621NUPN), retrieved from FRED.