Expenditure-side Real GDP at Current Purchasing Power Parities for Iceland
CGDPESISA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,836.83
Year-over-Year Change
28.09%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures the expenditure-side real gross domestic product (GDP) of Iceland, adjusted for differences in purchasing power across countries. It provides a comprehensive view of economic activity and living standards in Iceland.
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 Iceland represents the total value of goods and services produced within the country, adjusted for price level differences compared to the United States. This metric is widely used by economists and policymakers to assess economic performance and compare living standards across countries.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using internationally standardized methods.
Historical Context
This trend is a key input for international economic comparisons and analysis of Iceland's macroeconomic conditions.
Key Facts
- Iceland's expenditure-side real GDP was $23,651 in 2021.
- Iceland has one of the highest GDP per capita levels in the world.
- The expenditure-side real GDP data is updated annually by the OECD.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced within Iceland, adjusted for differences in purchasing power compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess economic performance and compare living standards across countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using internationally standardized methods.
Q: How is this trend used in economic policy?
A: This trend is a key input for international economic comparisons and analysis of Iceland's macroeconomic conditions.
Q: Are there update delays or limitations?
A: The expenditure-side real GDP data is updated annually by the OECD.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Iceland (CGDPESISA666NRUG), retrieved from FRED.