Expenditure-side Real GDP at Current Purchasing Power Parities for Djibouti
CGDPESDJA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,891.84
Year-over-Year Change
171.02%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the expenditure-side real GDP of Djibouti, adjusted for differences in purchasing power between countries. It provides a standardized measure of economic output for international comparisons.
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 Djibouti is a key indicator of the country's economic performance. It accounts for price level differences across countries to enable more accurate cross-country GDP comparisons.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and PPP conversion factors.
Historical Context
This metric is widely used by policymakers, analysts, and institutions to evaluate Djibouti's economic growth and development.
Key Facts
- Djibouti's expenditure-side real GDP was $3.53 billion in 2021.
- Djibouti's real GDP grew by 3.8% in 2021 after a 1.0% contraction in 2020.
- Djibouti is classified as a lower-middle-income economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the expenditure-side real GDP of Djibouti, which is a standardized measure of the country's economic output adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric enables more accurate cross-country comparisons of economic performance and is widely used by policymakers, analysts, and institutions to evaluate Djibouti's economic growth and development.
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 (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and international organizations to assess Djibouti's economic performance, identify growth trends, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Djibouti (CGDPESDJA666NRUG), retrieved from FRED.