Expenditure-side Real GDP at Current Purchasing Power Parities for Benin
CGDPESBJA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,650.52
Year-over-Year Change
122.96%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Benin based on purchasing power parity (PPP) exchange rates. It provides a comprehensive assessment of Benin's economic output and is a key indicator for evaluating the country's economic performance 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
The expenditure-side real GDP at current PPPs for Benin represents the total value of all goods and services produced within the country, adjusted for differences in purchasing power between Benin and the global average. This metric allows for better cross-country comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts and PPP exchange rate information.
Historical Context
Policymakers and analysts use this trend to gauge Benin's economic growth, make international comparisons, and inform development strategies.
Key Facts
- Benin's GDP was $31.72 billion in 2021.
- GDP per capita in Benin was $2,790 in 2021.
- Benin's economy grew by 7.2% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Benin, adjusted for differences in purchasing power between Benin and the global average. It provides a comprehensive assessment of Benin's economic output and activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator for evaluating Benin's economic performance and development. It allows for better cross-country comparisons of economic activity and living standards, which is important for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and purchasing power parity (PPP) exchange rate information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge Benin's economic growth, make international comparisons, and inform development strategies.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with some potential for delays in reporting. There may also be limitations in cross-country comparability due to differences in data collection and methodology.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Benin (CGDPESBJA666NRUG), retrieved from FRED.