Expenditure-side Real GDP at Current Purchasing Power Parities for Gabon
CGDPESGAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,328.30
Year-over-Year Change
37.92%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Gabon, adjusted for differences in purchasing power across countries. It provides a standardized measure of economic output that allows 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
Expenditure-side real GDP at current purchasing power parities (PPPs) is a key indicator of a country's economic size and performance. It accounts for price level differences between countries, enabling more accurate comparisons of economic activity across nations.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze and compare economic trends across countries.
Key Facts
- Gabon's 2021 expenditure-side real GDP at current PPPs was $35.7 billion.
- This metric has been tracked since 1990.
- Gabon's GDP per capita at current PPPs was $16,258 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Gabon, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric enables more accurate comparisons of economic activity across nations by accounting for price level differences between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to analyze and compare economic trends across countries.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Gabon (CGDPESGAA666NRUG), retrieved from FRED.