Purchasing Power Parity Converted GDP Laspeyres per worker for Bulgaria
RGDPLWBGA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,698.60
Year-over-Year Change
69.28%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Bulgaria measures the economic output per worker in Bulgaria, adjusted for differences in price levels between 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
This metric provides a standardized way to compare productivity and living standards across nations by accounting for variations in local purchasing power. It is a valuable indicator for economists and policymakers assessing Bulgaria's economic development relative to other countries.
Methodology
The data is calculated by the Conference Board using GDP and employment figures from national sources.
Historical Context
This trend is widely used to analyze international competitiveness and inform cross-country economic policies.
Key Facts
- Bulgaria's GDP per worker was $35,301 in 2021.
- This metric has grown by 31% over the past decade.
- Bulgaria ranks 58th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Gross Domestic Product (GDP) per worker in Bulgaria, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for apples-to-apples comparisons of worker productivity and living standards across nations, making it a valuable tool for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national GDP and employment figures.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to assess a country's international competitiveness and inform cross-border economic policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may not fully capture rapid economic changes.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Bulgaria (RGDPLWBGA627NUPN), retrieved from FRED.