Expenditure-side Real GDP at Current Purchasing Power Parities for Antigua and Barbuda
CGDPESAGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,979.58
Year-over-Year Change
-0.59%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the total expenditure-side real GDP of Antigua and Barbuda, adjusted for purchasing power parity. It provides insights into the overall size and growth of the Antiguan 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
Expenditure-side real GDP at current purchasing power parities (PPPs) is a comprehensive metric that captures the total value of all goods and services produced within a country, adjusted for differences in price levels across economies. This data series offers a standardized basis for comparing economic output across countries.
Methodology
The data is collected and calculated by the World Bank using established national accounts methodologies.
Historical Context
Policymakers and analysts use this indicator to gauge the relative economic performance and living standards of Antigua and Barbuda compared to other nations.
Key Facts
- Antigua and Barbuda's 2021 expenditure-side real GDP was $2.36 billion.
- GDP per capita in Antigua and Barbuda was $23,337 in 2021.
- The economy contracted by 17.3% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total expenditure-side real GDP of Antigua and Barbuda, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides a standardized basis for comparing the overall size and growth of the Antiguan economy relative to other nations, which is crucial for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to gauge the relative economic performance and living standards of Antigua and Barbuda compared to other countries, which informs economic policies and development strategies.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as it relies on national accounts information from Antigua and Barbuda and the World Bank's compilation process.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Antigua and Barbuda (CGDPESAGA666NRUG), retrieved from FRED.