Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Belgium
RGDPL2BEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,654.37
Year-over-Year Change
20.14%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Belgium, derived from growth rates of domestic absorption. It provides insights into the standard of living and economic productivity of the Belgian population.
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 (Laspeyres) for Belgium is a measure of economic output that accounts for differences in price levels across countries. It allows for more accurate comparisons of living standards and productivity between nations.
Methodology
The data is calculated using the Laspeyres index method based on growth rates of domestic absorption.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess and compare the economic development and living standards of different countries.
Key Facts
- Belgium's PPP-converted GDP per capita was $51,923 in 2021.
- This metric has grown by an average of 1.4% per year over the past decade.
- Belgium ranks among the top 20 countries globally in terms of PPP-converted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Belgium, derived from growth rates of domestic absorption.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the standard of living and economic productivity of the Belgian population, allowing for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres index method based on growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and international organizations to assess and compare the economic development and living standards of different countries.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, with minimal delays, and provides a comprehensive and reliable measure of Belgium's economic performance.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Belgium (RGDPL2BEA625NUPN), retrieved from FRED.