Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Bulgaria
RGDPCHBGA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,589.65
Year-over-Year Change
73.26%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Bulgaria measures the total economic output of Bulgaria adjusted for differences in purchasing power across countries, providing a more accurate comparison of living standards.
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
This economic indicator represents the total economic output of Bulgaria, measured by GDP, divided by the country's population and adjusted for differences in prices and purchasing power across countries. It allows for more meaningful cross-country comparisons of living standards and economic well-being.
Methodology
The data is calculated by the World Bank using a complex multi-step process that accounts for exchange rates, inflation, and other factors.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate and compare the economic development and living standards of different countries.
Key Facts
- Bulgaria's GDP per capita was $24,206 in 2021.
- Bulgaria's GDP per capita has grown by over 50% since 2000.
- Bulgaria ranks 57th globally in terms of purchasing power parity GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Bulgaria, as represented by its GDP, divided by the country's population and adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a more accurate and meaningful comparison of living standards and economic well-being across countries, which is crucial for economists, policymakers, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a complex multi-step process that accounts for exchange rates, inflation, and other factors to adjust for differences in purchasing power.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate and compare the economic development and living standards of different countries, informing policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with some potential delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Bulgaria (RGDPCHBGA625NUPN), retrieved from FRED.