Output-side Real GDP at chained Purchasing Power Parities for Bulgaria
RGDPOSBGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149,432.42
Year-over-Year Change
29.64%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Bulgaria, adjusted for purchasing power parity (PPP). It provides a standardized comparison of economic output across 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
Output-side real GDP at chained PPPs is a measure of a country's economic production, adjusted to account for differences in price levels between countries. This allows for more accurate international comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic performance and living standards across nations.
Key Facts
- Bulgaria's output-side real GDP at chained PPPs was $193 billion in 2021.
- This metric grew by 4.2% in 2021 compared to the previous year.
- Bulgaria's GDP per capita at chained PPPs was $14,077 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Bulgaria, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate international comparisons of economic activity and living standards by accounting for price level differences between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic performance and living standards across nations.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank's national accounts information.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Bulgaria (RGDPOSBGA666NRUG), retrieved from FRED.