Expenditure-side Real GDP at Current Purchasing Power Parities for Greece
CGDPESGRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
301,896.88
Year-over-Year Change
-19.93%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic indicator measures Greece's real gross domestic product (GDP) adjusted for purchasing power parity (PPP). It provides insight into the size and growth of the Greek economy relative to other 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 PPPs for Greece represents the total value of all goods and services produced within the Greek economy, adjusted for differences in price levels between Greece and a reference country or group. This important metric allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the World Bank using household consumption, government consumption, gross capital formation, and net exports.
Historical Context
Policymakers and analysts use this indicator to evaluate Greece's economic performance and competitiveness within the global marketplace.
Key Facts
- Greece's 2021 real GDP at PPP was $348 billion.
- The Greek economy grew by 8.3% in 2021 after contracting in 2020.
- Greece's real GDP per capita at PPP was $33,302 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services produced in Greece, adjusted for differences in purchasing power between Greece and a reference country or group.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of economic activity and living standards between Greece and other countries, which is crucial for policymakers and analysts evaluating Greece's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household consumption, government consumption, gross capital formation, and net exports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate Greece's economic performance and competitiveness within the global marketplace.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the World Bank.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Greece (CGDPESGRA666NRUG), retrieved from FRED.