Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Belgium
PC2GDPBEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,598.18
Year-over-Year Change
53.43%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Belgium, providing a standardized comparison of living standards 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
The PPP-converted GDP per capita metric adjusts for differences in price levels between nations, offering a more accurate view of relative economic well-being than simple exchange rate-based comparisons. It is a widely used indicator for cross-country development analysis.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the Geary-Khamis 'international dollar' method.
Historical Context
This metric informs policy discussions and investment decisions related to Belgium's economic performance and living standards.
Key Facts
- Belgium's PPP-adjusted GDP per capita was $51,902 in 2021.
- This places Belgium among the highest-income economies globally.
- The PPP metric adjusts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Belgium, providing a standardized comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric offers a more accurate view of relative economic well-being than simple exchange rate-based comparisons, informing policy discussions and investment decisions related to Belgium's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the Geary-Khamis 'international dollar' method.
Q: How is this trend used in economic policy?
A: This metric informs policy discussions and investment decisions related to Belgium's economic performance and living standards.
Q: Are there update delays or limitations?
A: There may be update delays or other limitations inherent to the underlying data collection and calculation methodologies.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Belgium (PC2GDPBEA620NUPN), retrieved from FRED.