Gross Domestic Product Per Capita for Belarus
PCAGDPBYA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,316.65
Year-over-Year Change
19.61%
Date Range
1/1/1990 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per Capita for Belarus measures the total economic output of the country divided by its population. This metric is a key indicator of a nation's standard of living and economic development.
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
GDP per capita in Belarus is a widely-used macroeconomic indicator that reflects the country's overall economic productivity and efficiency. It is a valuable tool for comparing the relative wealth and development of different economies.
Methodology
The data is calculated by the World Bank by dividing Belarus's GDP by its total population.
Historical Context
GDP per capita is a crucial metric for policymakers, investors, and economists to assess Belarus's economic performance and prospects.
Key Facts
- Belarus's GDP per capita was $6,522 in 2021.
- GDP per capita in Belarus has grown by over 50% since 2000.
- Belarus ranks 78th globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per Capita for Belarus measures the total economic output of the country divided by its total population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's standard of living and overall economic development, making it crucial for policymakers, investors, and economists to assess Belarus's economic performance and prospects.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank by dividing Belarus's GDP by its total population.
Q: How is this trend used in economic policy?
A: GDP per capita is a crucial metric for policymakers, investors, and economists to assess Belarus's economic performance and prospects, and to inform decisions on economic policies and investments.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the World Bank's reporting on national accounts and population statistics.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Belarus (PCAGDPBYA646NWDB), retrieved from FRED.