Expenditure-side Real GDP at Current Purchasing Power Parities for China
CGDPESCNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,919,016.00
Year-over-Year Change
78.13%
Date Range
1/1/1952 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of China, adjusted for differences in purchasing power across countries. It provides a comprehensive gauge of China's economic output and growth over time.
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 purchasing power parities (PPPs) for China is a key indicator used by economists and policymakers to assess the size and performance of the Chinese economy. It accounts for variations in price levels between China and other countries to enable meaningful cross-country comparisons.
Methodology
The data is calculated by the World Bank using detailed expenditure information and price data to derive China's GDP in international dollars.
Historical Context
This measure is widely referenced in analyses of the Chinese economy and its role in the global economic landscape.
Key Facts
- China is the world's second-largest economy.
- China's GDP accounts for over 15% of global economic output.
- China's real GDP growth has averaged around 8% annually over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of China, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This measure provides a comprehensive gauge of China's economic output and growth that can be meaningfully compared to other countries, enabling important analyses of the Chinese economy's performance and role in the global landscape.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using detailed expenditure information and price data to derive China's GDP in international dollars.
Q: How is this trend used in economic policy?
A: This measure is widely referenced by economists, policymakers, and analysts in assessing the size and performance of the Chinese economy and its implications for global economic dynamics.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with some delay, and may not fully capture the most recent economic developments in China.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for China (CGDPESCNA666NRUG), retrieved from FRED.