Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Belarus
RGDPLPBYA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,504.33
Year-over-Year Change
155.79%
Date Range
1/1/1994 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres) trend measures the economic output of Belarus on a per person basis, adjusted for differences in purchasing power 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
This metric provides a standardized comparison of Belarus' economic activity and living standards relative to other nations. It is a key indicator used by economists and policymakers to analyze growth, development, and living standards.
Methodology
The data is calculated using Laspeyres price indexes to convert local currency GDP into international dollars.
Historical Context
This series informs assessments of Belarus' macroeconomic performance and is used to benchmark its progress against global and regional peers.
Key Facts
- Belarus' 2021 GDP per capita was $20,206 on a PPP basis.
- Belarus ranked 57th globally in 2021 on this metric.
- The PPP-adjusted GDP per capita has grown by 2.5% annually on average since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures Belarus' gross domestic product (GDP) per capita, adjusted for differences in purchasing power across countries using a Laspeyres price index.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare the economic output and living standards of Belarus relative to other nations, informing analyses of its growth, development, and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using Laspeyres price indexes to convert Belarus' local currency GDP into international dollars.
Q: How is this trend used in economic policy?
A: This series informs assessments of Belarus' macroeconomic performance and is used to benchmark its progress against global and regional peers by economists, policymakers, and international institutions.
Q: Are there update delays or limitations?
A: There can be lags of several months in the availability of this data due to the complexities of cross-country price comparisons.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Croatia
RGDPCHHRA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Iraq
RGDPL2IQA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for St. Lucia
RGDPCHLCA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Poland
RGDPCHPLA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Tunisia
RGDPLPTNA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Colombia
RGDPL2COA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Belarus (RGDPLPBYA625NUPN), retrieved from FRED.