Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Bahamas
PGDPUSBSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.57
Year-over-Year Change
-14.72%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita of The Bahamas relative to the United States. It provides insights into the comparative living standards and economic development between the two countries.
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 PPP-converted GDP per capita is a metric that accounts for differences in price levels between countries, allowing for more accurate cross-country comparisons of real living standards. This data series is useful for economists and policymakers to evaluate the relative economic performance and development of The Bahamas compared to the U.S.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which is a type of multilateral PPP index.
Historical Context
This trend can inform economic policy decisions and trade relationships between The Bahamas and the United States.
Key Facts
- The Bahamas' GDP per capita is around 60% of the U.S. level.
- The PPP adjustment accounts for cost of living differences between the two countries.
- This metric is used to assess relative economic development and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita of The Bahamas relative to the United States, providing insights into the comparative living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers to evaluate the relative economic performance and development of The Bahamas compared to the U.S., which can inform economic policy decisions and trade relationships between the two countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which is a type of multilateral PPP index.
Q: How is this trend used in economic policy?
A: This trend can inform economic policy decisions and trade relationships between The Bahamas and the United States by providing insights into the relative living standards and economic development between the two countries.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may have limitations in capturing all economic factors that influence living standards and development.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Bahamas (PGDPUSBSA621NUPN), retrieved from FRED.