Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Bahrain
RGDPLPBHA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,096.51
Year-over-Year Change
11.10%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Bahrain's Purchasing Power Parity (PPP) Converted GDP Per Capita, derived from growth rates of Consumption, Government Consumption, and Investment. It provides insights into the country's economic productivity and 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
The PPP Converted GDP Per Capita (Laspeyres) metric adjusts GDP to account for differences in purchasing power across countries, offering a more accurate comparison of living standards. This data is used by economists and policymakers to evaluate Bahrain's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using growth rates of key economic components.
Historical Context
This trend is widely referenced in international economic analyses and policy discussions.
Key Facts
- Bahrain's PPP Converted GDP Per Capita was $51,957 in 2021.
- Bahrain's economic productivity has grown by an average of 2.5% annually over the past decade.
- Bahrain ranks among the top 25 countries globally by PPP Converted GDP Per Capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Bahrain's Purchasing Power Parity (PPP) Converted GDP Per Capita, which adjusts the country's GDP to account for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic productivity across countries, making it highly relevant for economic analyses and policy discussions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of key economic components, including Consumption, Government Consumption, and Investment.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Bahrain's economic development, competitiveness, and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may not fully capture short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Bahrain (RGDPLPBHA625NUPN), retrieved from FRED.