Expenditure-side Real GDP at Current Purchasing Power Parities for Gambia
CGDPESGMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,104.68
Year-over-Year Change
12.25%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures Gambia's real GDP at current purchasing power parities, providing a standardized measure of the country's economic output adjusted for price differences across 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
The expenditure-side real GDP at current purchasing power parities for Gambia is a key indicator of the country's economic performance. It allows for cross-country comparisons of output by accounting for differences in price levels, giving a more accurate picture of Gambia's economic size and growth.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and purchasing power parity conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze Gambia's economic development and compare it to other countries.
Key Facts
- Gambia's real GDP at PPP was $7.31 billion in 2021.
- Gambia's real GDP growth rate was 4.4% in 2021.
- Gambia's real GDP per capita at PPP was $3,495 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures Gambia's real gross domestic product (GDP) adjusted for differences in purchasing power across countries, providing a standardized metric of the country's economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for accurate cross-country comparisons of economic size and growth, which is crucial for economists, policymakers, and international institutions analyzing Gambia's economic 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 conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to assess Gambia's economic performance and compare it to other countries, informing economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with some potential delays in reporting.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Gambia (CGDPESGMA666NRUG), retrieved from FRED.