Expenditure-side Real GDP at Chained Purchasing Power Parities for Belize
RGDPESBZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,680.85
Year-over-Year Change
13.91%
Date Range
1/1/1970 - 1/1/2019
Summary
This metric measures the real gross domestic product (GDP) of Belize, adjusted for purchasing power parity (PPP). It provides a standardized measure of economic output that enables cross-country comparisons.
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
Expenditure-side real GDP at chained PPPs for Belize is a key indicator of the country's economic performance. It accounts for differences in price levels between Belize and other nations, allowing more accurate assessment of living standards and productivity.
Methodology
The data is calculated by the U.S. Federal Reserve using expenditure-side GDP figures and PPP exchange rates.
Historical Context
This metric is widely used by economists, policymakers, and investors to analyze Belize's economic competitiveness and growth.
Key Facts
- Belize's 2021 real GDP at PPP was $8.78 billion.
- GDP per capita at PPP was $21,800 in 2021.
- Real GDP growth in Belize averaged 2.7% annually from 2000-2021.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) of Belize, adjusted for differences in purchasing power between Belize and other countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides a more accurate assessment of Belize's economic output and living standards compared to unadjusted GDP, enabling better cross-country comparisons.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this metric using expenditure-side GDP figures and purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze Belize's economic competitiveness, productivity, and growth performance relative to other nations.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year 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 Belize (RGDPESBZA666NRUG), retrieved from FRED.