Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bulgaria
PCDGDPBGA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,388.74
Year-over-Year Change
168.54%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Bulgaria, providing insights into the country's economic well-being and standard of living.
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 total expenditure on goods and services within Bulgaria's economy, adjusted for differences in price levels across countries. It serves as an important indicator of economic development and living standards.
Methodology
The data is collected and calculated by the Penn World Table, a comprehensive dataset of national accounts.
Historical Context
This trend is widely used by policymakers, economists, and international organizations to assess and compare living standards across countries.
Key Facts
- Bulgaria's PPP-converted domestic absorption per capita was $15,590 in 2019.
- This metric has grown by an average of 3.5% annually over the past decade.
- Bulgaria's PPP-adjusted living standards are below the European Union average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Bulgaria, which represents the total expenditure on goods and services within the country's economy, adjusted for differences in price levels.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Bulgaria's economic development and living standards, allowing for comparisons across countries and over time.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Penn World Table, a comprehensive dataset of national accounts.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and international organizations to assess and compare living standards across countries, informing economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the most recent year's figures being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bulgaria (PCDGDPBGA620NUPN), retrieved from FRED.