Output-side Real GDP at Current Purchasing Power Parities for Belize
CGDPOSBZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,218.95
Year-over-Year Change
-3.55%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Belize based on current purchasing power parity (PPP) exchange rates. It provides insights into the overall size and growth of Belize's economy.
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 output-side real GDP at current PPPs for Belize is a comprehensive measure of the country's economic activity. It takes into account differences in price levels between Belize and other economies to provide a more accurate comparison of living standards and productivity.
Methodology
The data is calculated by the World Bank using expenditure-based GDP and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Belize's economic performance and competitiveness.
Key Facts
- Belize's output-side real GDP at current PPPs was $7.8 billion in 2021.
- The trend has grown at an average annual rate of 2.4% over the past decade.
- Belize's real GDP per capita at current PPPs was $19,400 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Belize based on current purchasing power parity (PPP) exchange rates, providing insights into the size and growth of the Belizean economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess Belize's economic performance and competitiveness relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-based GDP and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and international institutions to evaluate Belize's economic growth, living standards, and productivity compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
Related Trends
Capital stock at Current Purchasing Power Parities for Kuwait
CKSPPPKWA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Latvia
CGDPESLVA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Sri Lanka
CGDPESLKA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Kazakhstan
CTFPPPKZA669NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Switzerland
CGDPESCHA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Denmark
CGDPESDKA666NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Belize (CGDPOSBZA666NRUG), retrieved from FRED.