Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Burkina Faso
PCDGDPBFA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,334.98
Year-over-Year Change
78.89%
Date Range
1/1/1959 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) converted domestic absorption per capita for Burkina Faso. It provides insights into the overall economic well-being and standard of living in the country.
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 Domestic Absorption Per Capita metric represents the average PPP-adjusted expenditure on final goods and services per person in Burkina Faso. It is a valuable indicator for evaluating economic development and comparing living standards across countries.
Methodology
The data is calculated using the Geary-Khamis (GEKS-CPDW) method to convert local currency values into internationally comparable U.S. dollars.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess the relative economic performance and progress of Burkina Faso.
Key Facts
- Burkina Faso's Purchasing Power Parity Converted Domestic Absorption Per Capita was $1,902 in 2020.
- The metric has grown by an average of 3.2% per year over the past decade.
- Burkina Faso ranks 171st globally in terms of Purchasing Power Parity Converted Domestic Absorption Per Capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Burkina Faso. It represents the average expenditure on final goods and services per person in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall economic well-being and standard of living in Burkina Faso. It is widely used by economists, policymakers, and international organizations to assess the country's economic performance and progress.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (GEKS-CPDW) method to convert local currency values into internationally comparable U.S. dollars.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate Burkina Faso's economic development, compare living standards across countries, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Burkina Faso (PCDGDPBFA620NUPN), retrieved from FRED.