Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Belize
RGDPLPBZA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,056.12
Year-over-Year Change
27.16%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures real gross domestic product (GDP) per capita for Belize, adjusted for differences in purchasing power between countries. It is a key indicator of a nation'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 raw GDP data to account for price level differences across economies, providing a more accurate comparison of living standards. This series uses the Laspeyres method to derive growth rates from expenditure components like consumption and investment.
Methodology
The data is calculated by the World Bank using household surveys and national accounts information.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess and compare economic performance across countries.
Key Facts
- Belize's 2021 GDP per capita (PPP) was $8,798.
- GDP per capita (PPP) growth in Belize averaged 2.2% from 2000-2021.
- Belize is classified as an upper-middle income economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures real gross domestic product (GDP) per capita for Belize, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards across economies than raw GDP data, and is widely used by economists and policymakers to assess economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household surveys and national accounts information.
Q: How is this trend used in economic policy?
A: This PPP-adjusted GDP per capita metric is used by economists, policymakers, and international organizations to compare economic development and living standards across countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Argentina
RGDPL2ARA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Cambodia
RGDPL2KHA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Togo
RGDPCHTGA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Liberia
RGDPL2LRA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Rwanda
RGDPLPRWA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Moldova
RGDPL2MDA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Belize (RGDPLPBZA625NUPN), retrieved from FRED.