Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Belize
PLGDPOBZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
55.46%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Belize adjusted for purchasing power parity. It provides insights into the relative costs of goods and services in Belize compared to the global average.
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 Price Level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Belize is an indicator that compares the purchasing power of Belize's currency to the global average. It reveals the relative cost of production and consumption in Belize's economy.
Methodology
The data is calculated by the World Bank using GDP and exchange rate data.
Historical Context
This trend is useful for policymakers and analysts examining Belize's economic competitiveness and trade dynamics.
Key Facts
- Belize's price level was 57.4% of the global average in 2021.
- This indicator has declined from a high of 64.3% in 1990.
- Lower values suggest Belize's goods and services are relatively inexpensive.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Belize, adjusted for purchasing power parity. It compares the relative costs of goods and services in Belize to the global average.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Belize's economic competitiveness and the purchasing power of its currency. It is useful for policymakers and analysts examining trade dynamics and the relative cost of living in Belize.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and exchange rate data.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess Belize's economic competitiveness and the relative cost of goods and services in the country compared to the global average.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay in the most recent updates.
Related Trends
Exchange Rate (market+estimated) for Djibouti
XRNCUSDJA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Poland
PLGDPOPLA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Lithuania
PLGDPOLTA670NRUG
Exchange Rate (market+estimated) for Saudi Arabia
XRNCUSSAA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Djibouti
PLGDPODJA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Australia
PLGDPOAUA670NRUG
Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Belize (PLGDPOBZA670NRUG), retrieved from FRED.