Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belize
KCPPPGBZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.20
Year-over-Year Change
-19.36%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the share of Belize's Gross Domestic Product (GDP) that is allocated to personal consumption expenditures, adjusted for purchasing power parity. It provides insight into the consumption patterns and standards of living in the Belizean economy.
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 Consumption Share of Purchasing Power Parity Converted GDP Per Capita is an indicator that shows the proportion of a country's economic output that is spent on individual consumption. It is a useful metric for comparing consumption levels across countries and over time, as it accounts for differences in prices and purchasing power.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is closely monitored by policymakers and economists to assess the strength of domestic demand and the sustainability of economic growth in Belize.
Key Facts
- Belize's consumption share of GDP was 79.4% in 2021.
- This trend has remained relatively stable over the past decade.
- Consumption makes up a larger share of GDP in Belize compared to many other Latin American economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Belize's Gross Domestic Product (GDP) that is allocated to personal consumption expenditures, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the consumption patterns and standards of living in the Belizean economy, which is useful for policymakers and economists analyzing the strength of domestic demand and the sustainability of economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and economists to assess the strength of domestic demand and the sustainability of economic growth in Belize.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, so there may be a delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belize (KCPPPGBZA156NUPN), retrieved from FRED.