Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bhutan
PCDGDPBTA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,886.34
Year-over-Year Change
166.02%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita in Bhutan. It provides insights into the standard of living and economic development of 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 total value of all goods and services consumed within Bhutan, adjusted for differences in purchasing power. It is a useful indicator for cross-country comparisons of economic well-being and living standards.
Methodology
The data is calculated using the GEKS-CPDW (Gini-Éltetö-Köves-Szulc Constant Product Dummy Divisia) method to convert domestic absorption values to a common currency and adjust for price level differences.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess the relative economic performance and development of Bhutan compared to other countries.
Key Facts
- Bhutan's Purchasing Power Parity Converted Domestic Absorption Per Capita was $10,251 in 2020.
- This metric has grown by an average of 5.2% per year over the past decade in Bhutan.
- Bhutan ranks 118th 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 in Bhutan. It represents the total value of all goods and services consumed within the country, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the relative economic performance and living standards of Bhutan compared to other countries. It provides insights into the country's level of economic development and is widely used by economists, policymakers, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW (Gini-Éltetö-Köves-Szulc Constant Product Dummy Divisia) method to convert domestic absorption values to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate the economic performance and development of Bhutan. It informs policy decisions related to trade, investment, and social welfare programs.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and updates due to the complex methodology used to calculate this metric. Additionally, the accuracy of the PPP conversion may be affected by factors such as changes in exchange rates and price levels.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bhutan (PCDGDPBTA620NUPN), retrieved from FRED.