Expenditure-side Real GDP at Current Purchasing Power Parities for Burkina Faso
CGDPESBFA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,519.11
Year-over-Year Change
102.83%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Burkina Faso, adjusted for differences in purchasing power across countries. It provides a standardized, internationally comparable gauge of economic activity and living standards.
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 key indicator of a country's economic performance and development. It allows for more accurate cross-country comparisons of GDP by accounting for price level differences, rather than using volatile exchange rates.
Methodology
The data is calculated by the World Bank using expenditure-side national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze and benchmark Burkina Faso's economic growth and living standards relative to other countries.
Key Facts
- Burkina Faso's 2021 expenditure-side real GDP at current PPPs was $42.4 billion.
- This metric has grown at an average annual rate of 5.3% over the past decade.
- Burkina Faso's GDP per capita at current PPPs was $2,071 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Burkina Faso, adjusted for differences in purchasing power across countries. It provides a standardized, internationally comparable gauge of economic activity and living standards.
Q: Why is this trend relevant for users or analysts?
A: Expenditure-side real GDP at current purchasing power parities is a key indicator used by economists, policymakers, and international institutions to analyze and benchmark Burkina Faso's economic performance and development relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used to assess Burkina Faso's economic growth and living standards, informing policy decisions and comparisons with other countries.
Q: Are there update delays or limitations?
A: There may be delays in data availability, as the World Bank updates these PPP-adjusted GDP estimates on an annual basis.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Burkina Faso (CGDPESBFA666NRUG), retrieved from FRED.