Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Belize
PPCGDPBZA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,424.48
Year-over-Year Change
53.78%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) adjusted Gross Domestic Product (GDP) per capita for Belize, using the Geary-Khamis (G-K) method. It provides insights into the relative living standards and economic productivity of Belize compared to other 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 a country's GDP to account for differences in purchasing power across nations, enabling more accurate comparisons of living standards and economic well-being. The G-K method is a widely-used approach for calculating PPP-adjusted GDP per capita figures.
Methodology
The data is collected and calculated by the World Bank using household consumption surveys and national accounts data.
Historical Context
This trend is a key input for cross-country economic analyses and policy decisions.
Key Facts
- Belize's PPP-adjusted GDP per capita was $8,462 in 2021.
- This represents a 10% increase from 2020 levels.
- Belize ranks 103rd globally in PPP GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Belize's Gross Domestic Product (GDP) per capita, adjusted for differences in purchasing power between countries using the Geary-Khamis (G-K) method.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita provides a more accurate assessment of living standards and economic productivity in Belize compared to a simple exchange rate conversion. It is a key input for cross-country comparisons and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household consumption surveys and national accounts data.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to assess the relative economic performance and living standards of Belize compared to other countries.
Q: Are there update delays or limitations?
A: There can be a lag of 1-2 years in the availability of the latest PPP-adjusted GDP per capita data for Belize.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Belize (PPCGDPBZA620NUPN), retrieved from FRED.