Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Bahrain
RGDPCHBHA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,101.09
Year-over-Year Change
11.11%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Bahrain. It provides insights into the country's economic development 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 GDP Per Capita (Chain Series) for Bahrain is an inflation-adjusted measure of the total economic output of the country divided by its population. It allows for cross-country comparisons of living standards and productivity.
Methodology
The data is calculated by the World Bank using market exchange rates and price levels.
Historical Context
This metric is widely used by policymakers, economists, and international organizations to assess economic performance and development.
Key Facts
- Bahrain's GDP per capita (PPP) was $51,462 in 2021.
- GDP per capita (PPP) has grown by over 60% in Bahrain since 2000.
- Bahrain has one of the highest GDP per capita (PPP) levels in the Middle East region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Bahrain, which provides a standardized way to compare living standards and economic productivity across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and international organizations to assess a country's economic performance and development over time.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using market exchange rates and price levels.
Q: How is this trend used in economic policy?
A: Governments, central banks, and international institutions utilize this metric to evaluate a country's economic health, set policy goals, and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Bahrain (RGDPCHBHA625NUPN), retrieved from FRED.