Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Belarus
PC2GDPBYA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,259.80
Year-over-Year Change
264.65%
Date Range
1/1/1994 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted GDP per capita for Belarus, providing insight into the country's economic productivity and standard of living.
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
Purchasing power parity (PPP) is an economic theory that adjusts exchange rates to equalize the purchasing power of different currencies, allowing for more accurate cross-country comparisons. The PPP-converted GDP per capita metric is a key indicator of a country's economic development.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate and compare economic performance across nations.
Key Facts
- Belarus's PPP-converted GDP per capita was $17,957 in 2020.
- This metric has grown by over 70% since 2000.
- Belarus ranks 53rd 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 capita for Belarus, which adjusts the country's GDP to account for differences in the cost of living and purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key indicator of a country's economic development and standard of living, allowing for more accurate international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency.
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 economic performance across nations, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of up to 2 years.
Related Trends
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Albania
PC2GDPALA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Ireland
PCDGDPIEA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Malta
PC2GDPMTA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bahrain
PCDGDPBHA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Cuba
PCDGDPCUA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Poland
PCDGDPPLA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Belarus (PC2GDPBYA620NUPN), retrieved from FRED.