Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Belarus
PCDGDPBYA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,292.69
Year-over-Year Change
292.52%
Date Range
1/1/1994 - 1/1/2010
Summary
This metric measures the average Purchasing Power Parity (PPP) converted domestic absorption per capita in Belarus, providing insight into the overall economic activity and living standards of the population.
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
Domestic absorption is a macroeconomic indicator that represents the total amount of goods and services consumed within a country, including private consumption, government spending, and investment. This PPP-adjusted metric allows for cross-country comparisons by accounting for differences in price levels.
Methodology
The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS-CPDW) method based on national accounts information.
Historical Context
This trend is valuable for economists and policymakers assessing Belarus's economic development and living standards relative to other countries.
Key Facts
- Belarus's PPP-adjusted domestic absorption per capita was $6,980 in 2020.
- This metric has grown by 65% over the past decade in Belarus.
- Belarus ranks 91st globally in terms of PPP-adjusted domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average Purchasing Power Parity (PPP) converted domestic absorption per capita in Belarus, providing insight into the overall economic activity and living standards of the population.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted metric allows for cross-country comparisons of economic development and living standards by accounting for differences in price levels, making it valuable for economists and policymakers assessing Belarus's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS-CPDW) method based on national accounts information.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate Belarus's economic development and living standards relative to other countries, informing policy decisions aimed at improving the country's economic performance and quality of life.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not reflect the most recent economic conditions in Belarus.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Belarus (PCDGDPBYA620NUPN), retrieved from FRED.