Expenditure-side Real GDP at Current Purchasing Power Parities for Burundi
CGDPESBIA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,660.57
Year-over-Year Change
70.67%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real GDP of Burundi based on current purchasing power parities. It provides a standardized metric for comparing economic output across countries.
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 size and standard of living. It adjusts for differences in price levels between countries to enable more accurate cross-country comparisons.
Methodology
The data is calculated by the World Bank using household consumption, government consumption, capital formation, and trade data.
Historical Context
This trend is widely used by economists, policymakers, and analysts to assess Burundi's economic performance and make international comparisons.
Key Facts
- Burundi's 2021 GDP was $7.78 billion.
- GDP per capita in Burundi was $661 in 2021.
- Burundi's economy grew by 1.8% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real GDP of Burundi, adjusted for differences in purchasing power across countries to enable more accurate international comparisons.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a standardized metric for assessing Burundi's economic size and standard of living compared to other countries, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption, government consumption, capital formation, and trade data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and analysts to evaluate Burundi's economic performance and make informed decisions about economic policies and international relations.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the World Bank publishes this series on an annual basis with a delay of several months.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Burundi (CGDPESBIA666NRUG), retrieved from FRED.