Purchasing Power Parity Converted GDP Chain per worker for Bahrain
RGDPWOBHA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,982.25
Year-over-Year Change
-7.45%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Bahrain measures the country's economic productivity and living standards. This metric is crucial for economists and policymakers to compare Bahrain's economic performance with other nations.
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 series represents the real GDP per worker in Bahrain, adjusted for differences in purchasing power between countries. It provides a more accurate assessment of Bahrain's economic output and living standards compared to using nominal exchange rates.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
Policymakers and international organizations use this metric to evaluate Bahrain's economic competitiveness and living standards relative to its peers.
Key Facts
- Bahrain's GDP per worker was $51,923 in 2021.
- Bahrain's productivity has grown by 2.3% annually since 2010.
- Bahrain ranks 34th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This metric measures Bahrain's real GDP per worker, adjusted for differences in purchasing power between countries. It provides a more accurate assessment of Bahrain's economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists and policymakers to compare Bahrain's economic performance with other nations and evaluate its competitiveness and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to assess Bahrain's economic competitiveness and living standards relative to its peers, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as it relies on national accounts and labor force statistics.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Bahrain (RGDPWOBHA627NUPN), retrieved from FRED.