Expenditure-side Real GDP at Current Purchasing Power Parities for Central African Republic
CGDPESCFA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,523.74
Year-over-Year Change
8.26%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the expenditure-side real GDP of Central African Republic adjusted for purchasing power parity. It is a key indicator of the overall size and performance of the Central African 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 measure of the size of a country's economy that accounts for differences in the cost of living across countries. It is used to compare economic output and living standards between nations.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and PPP conversion factors.
Historical Context
Economists and policymakers use this metric to assess the Central African Republic's economic development and living standards relative to other countries.
Key Facts
- Central African Republic's expenditure-side real GDP in 2021 was $6.72 billion.
- The country's GDP per capita at PPP was $1,438 in 2021.
- Real GDP growth in Central African Republic was 0.9% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the expenditure-side real GDP of Central African Republic, which is a measure of the overall size of the country's economy adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for comparing the economic output and living standards of Central African Republic to other countries, allowing for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-based national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the Central African Republic's economic development and living standards relative to other countries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the World Bank releases updates on an annual basis.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Central African Republic (CGDPESCFA666NRUG), retrieved from FRED.