Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Bahrain
RGDPTEBHA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,150.76
Year-over-Year Change
-8.19%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per person in Bahrain, adjusted for total employment. It provides insight 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 person trend adjusts the total GDP to account for differences in price levels between countries, allowing for more accurate cross-country comparisons. It is a key metric used by economists and policymakers to evaluate economic development and living standards.
Methodology
The data is calculated by the World Bank using GDP and employment statistics.
Historical Context
This trend is widely referenced in international economic analyses and policy discussions.
Key Facts
- Bahrain's PPP-converted GDP per person was $47,501 in 2021.
- This trend has grown by 18% over the past decade.
- Bahrain ranks 31st globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per person in Bahrain, adjusting for the total number of people employed in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate assessment of Bahrain's economic productivity and living standards compared to a simple GDP per capita measure, as it accounts for differences in price levels and employment.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and employment statistics.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in international economic analyses and policy discussions, as it offers valuable insights into a country's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
Related Trends
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Ecuador
RGDPTEECA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Kyrgyzstan
RGDPTEKGA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Uruguay
RGDPTEUYA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Poland
RGDPTEPLA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Jamaica
RGDPTEJMA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Yemen
RGDPTEYEA629NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Bahrain (RGDPTEBHA629NUPN), retrieved from FRED.