Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Belgium
RGDPCHBEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,556.62
Year-over-Year Change
19.79%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power-adjusted gross domestic product (GDP) per capita for Belgium. It is a key indicator of a country's economic development 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
The purchasing power parity (PPP) converted GDP per capita metric adjusts the raw GDP figure to account for differences in purchasing power across countries, providing a more accurate comparison of living standards. This data series is a valuable tool for policymakers and economists assessing Belgium's economic performance and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using GDP and population statistics.
Historical Context
This trend is widely referenced in international economic analysis and policy discussions.
Key Facts
- Belgium's 2021 PPP-adjusted GDP per capita was $51,902.
- This represents a 75% increase from 1990 levels.
- Belgium ranks among the top 20 countries globally by this metric.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power-adjusted gross domestic product (GDP) per capita for Belgium, providing a more accurate comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This data is a key indicator of a country's economic development and competitiveness, and is widely referenced in international economic analysis and policy discussions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using GDP and population statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess Belgium's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually and may have a 1-2 year lag due to the time required for collection and analysis.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Belgium (RGDPCHBEA625NUPN), retrieved from FRED.