Purchasing Power Parity Converted GDP Chain per worker for Bolivia
RGDPWOBOA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,111.30
Year-over-Year Change
10.71%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per worker in Bolivia. It provides insights into labor productivity and economic development in the country.
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 Purchasing Power Parity Converted GDP Chain per worker for Bolivia represents the country's economic output per employed person, adjusted for differences in price levels between Bolivia and a reference economy. This metric is useful for cross-country comparisons of living standards and labor productivity.
Methodology
The data is calculated by the Conference Board using national accounts and employment statistics.
Historical Context
Policymakers and economists use this trend to assess Bolivia's economic performance and competitiveness relative to other countries.
Key Facts
- Bolivia's GDP per worker was $13,462 in 2021.
- The trend has grown by 24% over the past decade.
- Bolivia ranks 97th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per worker in Bolivia, providing insights into the country's labor productivity and economic development.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for cross-country comparisons of living standards and labor productivity, allowing policymakers and economists to assess Bolivia's economic performance and competitiveness relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and employment statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Bolivia's economic performance and competitiveness compared to other countries, informing policy decisions and economic analysis.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Bolivia (RGDPWOBOA627NUPN), retrieved from FRED.