Constant GDP per capita for Burundi
NYGDPPCAPKDBDI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
255.60
Year-over-Year Change
-12.83%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Constant GDP per capita for Burundi' metric measures the total economic output of Burundi divided by its population, adjusted for inflation. This key indicator provides insights into a country's standard of living and economic development.
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
GDP per capita is a widely used statistic that reflects a country's economic performance and the material well-being of its citizens. Tracking this metric over time allows economists and policymakers to gauge Burundi's economic growth and progress relative to other nations.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Constant GDP per capita is a critical input for macroeconomic analysis and policy decisions related to development, poverty reduction, and resource allocation.
Key Facts
- Burundi's GDP per capita was $282 in 2021.
- GDP per capita in Burundi has grown by 1.8% annually over the past decade.
- Burundi is one of the poorest countries in the world by this metric.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Burundi divided by its population, adjusted for inflation. It provides insights into the country's standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a key indicator of a country's economic performance and material well-being of its citizens. Tracking this metric over time allows for analysis of Burundi's economic growth and progress relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Constant GDP per capita is a critical input for macroeconomic analysis and policy decisions related to development, poverty reduction, and resource allocation in Burundi.
Q: Are there update delays or limitations?
A: The data may have update delays of several months due to the time required for national statistical agencies to collect and report the underlying information.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Burundi (NYGDPPCAPKDBDI), retrieved from FRED.