Expenditure-side Real GDP at Chained Purchasing Power Parities for Belarus
RGDPESBYA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
201,465.02
Year-over-Year Change
45.02%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Belarus, adjusted for purchasing power parity (PPP). It provides insights into the overall size and growth of the Belarusian economy.
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
Real GDP at chained PPPs is a key measure of economic activity that allows for international comparisons of living standards and productivity. It accounts for differences in price levels between countries to better reflect the purchasing power of residents.
Methodology
The data is calculated by the World Bank using expenditure-side national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to analyze Belarus's economic performance and competitiveness.
Key Facts
- Belarus's real GDP at PPP was $193 billion in 2021.
- GDP per capita at PPP in Belarus was $20,425 in 2021.
- Belarus's economy grew by 2.3% in real terms in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Belarus, adjusted for differences in purchasing power across countries using purchasing power parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: Real GDP at PPP is a crucial metric for comparing the size and standard of living of economies internationally, as it accounts for price level differences that can distort nominal GDP comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side national accounts data and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to analyze Belarus's economic performance, competitiveness, and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Belarus (RGDPESBYA666NRUG), retrieved from FRED.