Output-side Real GDP at chained Purchasing Power Parities for Belarus
RGDPOSBYA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204,795.34
Year-over-Year Change
43.45%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the real Gross Domestic Product (GDP) of Belarus, adjusted for purchasing power parity (PPP). It provides a comprehensive assessment of the Belarusian economy's output and productivity.
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
Output-side real GDP at chained PPPs is a key indicator of a country's economic performance. It accounts for differences in price levels between countries, enabling cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using expenditure-side real GDP figures and adjusting for PPP.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze the Belarusian economy and its position relative to other countries.
Key Facts
- Belarus's real GDP at chained PPPs was $194.78 billion in 2021.
- The Belarusian economy grew by 2.3% in 2021 according to this measure.
- Belarus ranks 58th globally in terms of output-side real GDP at chained PPPs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real Gross Domestic Product (GDP) of Belarus, adjusted for differences in purchasing power parity (PPP) between countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a comprehensive assessment of the Belarusian economy's output and productivity, enabling cross-country comparisons of economic activity and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side real GDP figures and adjusting for purchasing power parity.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to analyze the Belarusian economy and its position relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which is the primary source for this information.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Belarus (RGDPOSBYA666NRUG), retrieved from FRED.