Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Belarus
PGDPUSBYA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.21
Year-over-Year Change
143.45%
Date Range
1/1/1994 - 1/1/2010
Summary
This trend measures Belarus's gross domestic product (GDP) per capita relative to the United States, adjusted for purchasing power parity. It provides insight into the standard of living and economic development in Belarus compared to the U.S.
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 Converted GDP Per Capita Relative to the United States metric compares the output of goods and services produced in Belarus to the U.S., adjusting for differences in the cost of living between the two countries. This allows for more accurate cross-country comparisons of economic well-being.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which accounts for price level differences across countries.
Historical Context
This trend is used by economists, policymakers, and international organizations to evaluate Belarus's economic performance and living standards relative to the U.S. benchmark.
Key Facts
- Belarus's GDP per capita is currently 20% of the U.S. level.
- The G-K method adjusts for price level differences between countries.
- This metric is used to evaluate economic development and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Belarus's gross domestic product (GDP) per capita relative to the United States, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the standard of living and economic development in Belarus compared to the U.S., allowing for more accurate cross-country comparisons of economic well-being.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which accounts for price level differences across countries.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate Belarus's economic performance and living standards relative to the U.S. benchmark.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the providing agency.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Seychelles
PGDPUSSCA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Austria
PGDPUSATA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Poland
PGDPUSPLA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Saudi Arabia
PGDPUSSAA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Cape Verde
PGDPUSCVA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Slovenia
PGDPUSSIA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Belarus (PGDPUSBYA621NUPN), retrieved from FRED.