Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Belgium
PCDGDPBEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,524.73
Year-over-Year Change
55.16%
Date Range
1/1/1950 - 1/1/2010
Summary
This metric measures the average purchasing power parity-adjusted domestic absorption per capita in Belgium, a key indicator of economic activity and living standards.
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) conversion adjusts economic data to account for differences in price levels across countries, allowing for more accurate cross-country comparisons. This PPP-adjusted domestic absorption per capita metric provides insights into the overall level of economic activity and consumption in Belgium.
Methodology
The data is calculated using the GEKS-CPDW method, a multilateral PPP index.
Historical Context
This trend is widely used by economists and policymakers to evaluate Belgium's economic performance and living standards relative to other countries.
Key Facts
- Belgium's PPP-adjusted domestic absorption per capita was $33,723 in 2021.
- This metric has grown by an average of 1.2% annually over the past decade.
- Belgium ranks 8th globally in PPP-adjusted domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average purchasing power parity-adjusted domestic absorption per capita in Belgium, providing insights into the overall level of economic activity and consumption in the country.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted domestic absorption per capita metric is widely used by economists and policymakers to evaluate Belgium's economic performance and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, a multilateral purchasing power parity index.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess Belgium's economic conditions, make cross-country comparisons, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a lag of several months compared to the current period.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Belgium (PCDGDPBEA620NUPN), retrieved from FRED.