Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Belize
PCDGDPBZA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,468.39
Year-over-Year Change
44.66%
Date Range
1/1/1970 - 1/1/2010
Summary
This metric measures the purchasing power-adjusted domestic absorption per capita in Belize, providing insights into the country's 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) Converted Domestic Absorption Per Capita tracks the average inflation-adjusted domestic expenditure per person in Belize, including consumption, investment, and government spending. It enables cross-country comparisons of economic well-being.
Methodology
The data is calculated using the GEKS-CPDW method, which adjusts for price level differences across countries.
Historical Context
This metric is used by economists and policymakers to evaluate Belize's economic performance and living standards relative to other nations.
Key Facts
- Belize's PPP-adjusted domestic absorption per capita was $7,194 in 2020.
- This metric has grown by an average of 2.1% annually over the past decade.
- Belize ranks 98th globally in terms of PPP-adjusted domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power-adjusted domestic absorption per capita in Belize, which includes private consumption, government spending, and investment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Belize's economic activity and living standards, enabling cross-country comparisons of economic well-being.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which adjusts for price level differences across countries.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate Belize's economic performance and living standards relative to other nations.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Belize (PCDGDPBZA620NUPN), retrieved from FRED.