Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Belize
RGDPL2BZA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,958.33
Year-over-Year Change
25.79%
Date Range
1/1/1970 - 1/1/2010
Summary
This series measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Belize, derived from growth rates of domestic absorption. It provides a standardized metric for comparing economic output across 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-adjusted GDP per capita metric adjusts for differences in price levels between countries, enabling more accurate international comparisons of material living standards. This data series is frequently used by economists and policymakers to evaluate economic development and well-being.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption.
Historical Context
This metric is widely referenced in macroeconomic analysis and comparisons of economic performance across nations.
Key Facts
- GDP per capita in Belize was $8,462 in 2021.
- Belize's GDP per capita has grown by 23% over the past decade.
- PPP-adjusted GDP is a better indicator of living standards than nominal GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Belize, adjusting for differences in price levels between countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita metric provides a more accurate comparison of economic output and living standards across nations than using nominal GDP.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This metric is widely referenced by economists and policymakers to evaluate economic development and well-being across countries.
Q: Are there update delays or limitations?
A: The data may have update lags, and comparisons should account for differences in methodology between countries.
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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 Belize (RGDPL2BZA625NUPN), retrieved from FRED.