Real GDP at Constant National Prices for Chad
RGDPNATDA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,979.36
Year-over-Year Change
53.13%
Date Range
1/1/1960 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Chad measures the total economic output of Chad, adjusted for inflation, providing a key indicator of the country's economic growth and development.
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 metric represents the real gross domestic product (GDP) of Chad, calculated using constant national prices to account for changes in the purchasing power of the local currency. It is a widely-used macroeconomic indicator that allows for international comparisons and analysis of a country's economic performance over time.
Methodology
The data is collected and calculated by the World Bank using national accounts information.
Historical Context
Policymakers and economists rely on this metric to evaluate Chad's economic health and guide fiscal and monetary policies.
Key Facts
- Chad is a landlocked country in Central Africa.
- Agriculture is a major component of Chad's economy.
- The country has faced political instability and economic challenges in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output of goods and services produced in Chad, adjusted for inflation, providing a gauge of the country's economic growth and development.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key macroeconomic indicator that allows economists and policymakers to assess Chad's economic performance, make international comparisons, and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Chad's economic health and guide fiscal and monetary policies aimed at promoting economic growth and development.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or availability due to the challenges of collecting economic data in developing countries like Chad.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Chad (RGDPNATDA666NRUG), retrieved from FRED.