Expenditure-side Real GDP at Current Purchasing Power Parities for Congo
CGDPESCGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,146.41
Year-over-Year Change
87.11%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the expenditure-side real GDP of the Democratic Republic of the Congo, adjusted for purchasing power parity. It provides a standardized measure of the Congo's economic output and living standards compared to other 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 performance and living standards. It accounts for differences in price levels between countries to enable more accurate cross-country comparisons of GDP and productivity.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
This GDP metric is widely used by economists, policymakers, and international organizations to analyze the Congo's economic development and compare its living standards to regional peers.
Key Facts
- Congo's 2021 real GDP was $58.4 billion (current PPP).
- Congo's real GDP per capita was $655 in 2021 (current PPP).
- Congo's economy grew by 5.7% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of the Democratic Republic of the Congo, adjusted for differences in purchasing power between Congo and other countries. It provides a standardized metric for comparing Congo's GDP and living standards internationally.
Q: Why is this trend relevant for users or analysts?
A: This GDP metric is important for understanding Congo's economic performance and competitiveness compared to regional peers. It is widely used by economists, policymakers, and international organizations to analyze development and living standards in the country.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and price surveys to adjust for purchasing power differences between Congo and other countries.
Q: How is this trend used in economic policy?
A: This GDP measure is used by economists, institutions, and policymakers to assess Congo's economic growth, productivity, and living standards. It informs policy decisions related to investment, trade, and development programs.
Q: Are there update delays or limitations?
A: There can be lags of 1-2 years in data availability, as the World Bank compiles and releases the purchasing power parity estimates. The data may also be subject to revisions over time as source information is updated.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Congo (CGDPESCGA666NRUG), retrieved from FRED.