Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Belize
PGD2USBZA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.95
Year-over-Year Change
4.49%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Belize's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States. It provides insight into the relative standard of living between the two countries.
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 PPP-converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic well-being. This trend is a key indicator used by economists and policymakers to evaluate a country's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Historical Context
This indicator helps inform trade, investment, and economic policy decisions between Belize and the United States.
Key Facts
- Belize's PPP-adjusted GDP per capita is around 20% of the U.S. level.
- This trend has remained relatively stable over the past decade.
- Purchasing power parity accounts for differences in the cost of living between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Belize's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the relative standard of living between Belize and the U.S., which is useful for economic analysis and policy decisions.
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 and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This indicator helps inform trade, investment, and economic policy decisions between Belize and the United States.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the methodology relies on estimates of price levels which can have some uncertainty.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Belize (PGD2USBZA621NUPN), retrieved from FRED.