Real GDP at Constant National Prices for Belgium
RGDPNABEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
534,102.31
Year-over-Year Change
15.10%
Date Range
1/1/1950 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Belgium measures the inflation-adjusted total economic output of Belgium. It is a key indicator of the country's economic health and growth trajectory.
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 economic indicator tracks the volume of goods and services produced within Belgium, adjusted for changes in prices. It provides a comprehensive view of the Belgian economy's performance and is widely used by economists, policymakers, and market analysts to assess the nation's economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
Real GDP is a crucial metric for evaluating a country's economic policies and making informed decisions about fiscal and monetary interventions.
Key Facts
- Belgium's real GDP grew by 1.7% in 2022.
- The service sector accounts for over 70% of Belgium's real GDP.
- Belgium's real GDP per capita was $47,200 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Real GDP at Constant National Prices for Belgium measures the total inflation-adjusted economic output of the country, providing a comprehensive view of its economic performance.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for evaluating Belgium's economic health, growth trajectory, and the effectiveness of its economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Q: How is this trend used in economic policy?
A: Real GDP is a key metric for policymakers and economists to assess the overall state of the Belgian economy and make informed decisions about fiscal and monetary interventions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Belgium (RGDPNABEA666NRUG), retrieved from FRED.