Purchasing Power Parity, Share of World for Bolivia
BOLPPPSH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
11.26%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'Purchasing Power Parity, Share of World for Bolivia' metric measures Bolivia's economic output relative to the global total, adjusting for differences in local purchasing power. This key indicator is used by economists and policymakers to assess Bolivia's economic performance and integration within the world economy.
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
This series tracks Bolivia's share of global gross domestic product (GDP) based on purchasing power parity (PPP) exchange rates. PPP adjusts for variations in the cost of living between countries, providing a more accurate representation of relative economic size and living standards than market exchange rates alone.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity data.
Historical Context
Analysts and policymakers use this PPP-based metric to gauge Bolivia's economic competitiveness and influence within the global marketplace.
Key Facts
- Bolivia's PPP-adjusted GDP share was 0.13% in 2021.
- Bolivia's PPP-based GDP per capita was $6,874 in 2021.
- Bolivia's PPP share has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks Bolivia's share of global gross domestic product (GDP) based on purchasing power parity (PPP) exchange rates, which adjust for differences in the cost of living between countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP share provides a more accurate representation of Bolivia's economic size and living standards relative to the global economy, which is useful for analysts and policymakers assessing the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity data.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this PPP-based metric to gauge Bolivia's economic competitiveness and influence within the global marketplace.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity, Share of World for Bolivia (BOLPPPSH), retrieved from FRED.