Purchasing Power Parity over GDP for Belgium
PPPTTLBEA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
-1.78%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Belgium measures the ratio of a country's purchasing power parity to its nominal GDP, providing insights into a nation's standard of living and economic competitiveness.
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
This economic indicator compares the purchasing power of a country's currency to its GDP, offering a more accurate assessment of living standards and economic productivity than nominal GDP alone. It is widely used by economists, policymakers, and international organizations to evaluate a country's relative economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using exchange rates and price levels.
Historical Context
This metric is important for understanding a country's economic position and competitiveness within the global marketplace.
Key Facts
- Belgium's Purchasing Power Parity over GDP ratio was 0.92 in 2021.
- This metric has remained relatively stable for Belgium over the past decade.
- Purchasing Power Parity is an important indicator of a country's cost of living and standard of living.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the ratio of a country's purchasing power parity (the exchange rate that would equalize the purchasing power of different currencies) to its nominal GDP, providing insights into the country's standard of living and economic competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding a country's economic position and competitiveness within the global marketplace, as it offers a more accurate assessment of living standards and economic productivity than nominal GDP alone.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using exchange rates and price levels.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to evaluate a country's relative economic performance and make informed decisions about trade, investment, and economic development policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Belgium (PPPTTLBEA618NUPN), retrieved from FRED.