Constant GDP per capita for Bangladesh
NYGDPPCAPKDBGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,941.28
Year-over-Year Change
84.81%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for Bangladesh measures the total economic output per person in the country, adjusted for inflation. This metric is widely used by economists and policymakers to assess 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
Constant GDP per capita is a key indicator of a country's economic health and progress. It provides a standardized measure of a nation's economic productivity and output, taking into account population size. Economists and analysts use this data to evaluate Bangladesh's economic performance over time and in comparison to other countries.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers in Bangladesh and international institutions closely monitor the country's GDP per capita to inform economic and social policies.
Key Facts
- Bangladesh's GDP per capita was $2,024 in 2021.
- GDP per capita in Bangladesh has more than doubled since 2000.
- Bangladesh aims to become an upper-middle-income country by 2031.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Bangladesh measures the total economic output per person in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's economic health and living standards. Economists and policymakers use this data to evaluate Bangladesh's economic performance and progress over time.
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: Policymakers in Bangladesh and international institutions closely monitor the country's GDP per capita to inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Bangladesh (NYGDPPCAPKDBGD), retrieved from FRED.