Output-side Real GDP at Current Purchasing Power Parities for Belarus
CGDPOSBYA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205,916.19
Year-over-Year Change
47.53%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures Belarus's real gross domestic product (GDP) adjusted for purchasing power parity (PPP). It provides a more accurate 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 current PPPs is a key metric for assessing a country's economic size and growth. It accounts for differences in price levels between countries to better reflect the purchasing power of GDP.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate and compare national economic performance.
Key Facts
- Belarus's 2021 output-side real GDP at current PPPs was $195 billion.
- This metric grew by 2.3% in 2021 after declining 0.9% in 2020.
- Belarus ranks 83rd globally in output-side real GDP at current PPPs.
FAQs
Q: What does this economic trend measure?
A: This trend measures Belarus's real gross domestic product (GDP) adjusted for differences in purchasing power across countries using current purchasing power parities (PPPs).
Q: Why is this trend relevant for users or analysts?
A: Output-side real GDP at current PPPs provides a more accurate comparison of economic size and growth between countries by accounting for price level differences. It is a key metric used by economists, policymakers, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate and compare national economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data availability and revisions to historical figures as underlying national accounts and price data are updated.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Belarus (CGDPOSBYA666NRUG), retrieved from FRED.