Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Bosnia and Herzegovina
PPCGDPBAA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,501.96
Year-over-Year Change
101.38%
Date Range
1/1/1990 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Bosnia and Herzegovina, using the Geary-Khamis (G-K) method at current prices. It provides insights into the country's economic output and living standards relative to other nations.
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 metric accounts for differences in the cost of living between countries, allowing for more accurate comparisons of economic activity and standards of living. The G-K method is a sophisticated approach to calculating PPP that considers a basket of goods and services.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and development.
Key Facts
- Bosnia and Herzegovina's PPP-adjusted GDP per capita was $14,301 in 2021.
- The country's PPP-adjusted GDP per capita is about 34% of the United States level.
- This metric has grown by over 80% since 2000 in Bosnia and Herzegovina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Bosnia and Herzegovina, using the Geary-Khamis (G-K) method at current prices. It provides insights into the country's economic output and living standards relative to other nations.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and development, as it accounts for differences in the cost of living between countries, allowing for more accurate comparisons of economic activity and standards of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to assess a country's economic output and living standards relative to other nations, which informs policy decisions and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and price data, which may result in occasional update delays or limitations in coverage for some countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Bosnia and Herzegovina (PPCGDPBAA620NUPN), retrieved from FRED.