Expenditure-side Real GDP at Current Purchasing Power Parities for Spain
CGDPESESA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,926,702.13
Year-over-Year Change
12.14%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures the total economic output of Spain, adjusted for inflation and purchasing power differences. It is a key indicator of the country's economic performance and a valuable resource for economists and policymakers.
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 for Spain is a measure of the total value of goods and services produced within the Spanish economy, adjusted for price level differences across countries. It provides a standardized, internationally comparable assessment of Spain's economic output.
Methodology
The data is calculated by the OECD using national accounts information and purchasing power parity exchange rates.
Historical Context
This metric is widely used by economists, investors, and policymakers to analyze Spain's economic growth, competitiveness, and overall development.
Key Facts
- Spain's real GDP based on purchasing power parity was $1.49 trillion in 2021.
- Spain's real GDP per capita based on purchasing power parity was $31,590 in 2021.
- Spain's real GDP growth rate was 5.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Spain, adjusted for inflation and purchasing power differences. It provides a standardized, internationally comparable assessment of Spain's economic performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, investors, and policymakers to analyze Spain's economic growth, competitiveness, and overall development.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts information and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, analysts, and institutions to assess Spain's economic performance, guide policy decisions, and compare the country's economic standing with other nations.
Q: Are there update delays or limitations?
A: The data is published by the OECD with some delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Spain (CGDPESESA666NRUG), retrieved from FRED.