Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Bulgaria
RGDPTEBGA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,566.89
Year-over-Year Change
56.44%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per person employed in Bulgaria. It provides insight into the productivity and living standards of the Bulgarian workforce.
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 Laspeyres per person counted in total employment for Bulgaria is an indicator of economic well-being and labor productivity. It accounts for differences in price levels between countries to enable cross-country comparisons of GDP per worker.
Methodology
The data is calculated by the World Bank using national accounts and labor force statistics.
Historical Context
This trend is useful for policymakers and analysts assessing the competitiveness and development of the Bulgarian economy.
Key Facts
- Bulgaria's GDP per worker was $24,703 in 2021.
- This represents a 75% increase from 2000 levels.
- Bulgaria's GDP per worker is about 40% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per person employed in Bulgaria. It provides a standardized metric for comparing labor productivity across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is useful for assessing the competitiveness and development of the Bulgarian economy. It provides insights into the living standards and productivity of the Bulgarian workforce compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the performance and potential of the Bulgarian economy, informing decisions on economic development, labor market policies, and competitiveness strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of about 1-2 years. It may not capture short-term fluctuations in the Bulgarian economy.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Bulgaria (RGDPTEBGA629NUPN), retrieved from FRED.