Expenditure-side Real GDP at Current Purchasing Power Parities for Saint Lucia
CGDPESLCA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,759.15
Year-over-Year Change
36.79%
Date Range
1/1/1970 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Saint Lucia, adjusted for differences in purchasing power across countries. It provides insight into the overall economic activity and living standards in Saint Lucia.
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 Saint Lucia is a key economic indicator that allows for international comparisons of economic output and living standards. It accounts for differences in the cost of living across countries to provide a more accurate picture of relative economic performance.
Methodology
The data is calculated by the World Bank using household consumption, government consumption, gross fixed capital formation, changes in inventories, and net exports.
Historical Context
Policymakers and analysts use this metric to evaluate Saint Lucia's economic growth and development relative to other countries.
Key Facts
- Saint Lucia's 2021 real GDP at current PPPs was $2.37 billion.
- Saint Lucia's real GDP per capita at current PPPs was $13,206 in 2021.
- The expenditure-side real GDP metric adjusts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Saint Lucia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate picture of Saint Lucia's economic output and living standards relative to other countries, allowing for meaningful international comparisons.
Q: How is this data collected or calculated?
A: The World Bank calculates this data using household consumption, government consumption, gross fixed capital formation, changes in inventories, and net exports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Saint Lucia's economic growth and development in comparison to other nations.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which is the primary source for this metric.
Related Trends
Output-side Real GDP at Current Purchasing Power Parities for Panama
CGDPOSPAA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Ireland
CTFPPPIEA669NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Bangladesh
CGDPESBDA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Australia
CTFPPPAUA669NRUG
Capital stock at Current Purchasing Power Parities for Trinidad and Tobago
CKSPPPTTA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Peru
CGDPESPEA666NRUG
Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Saint Lucia (CGDPESLCA666NRUG), retrieved from FRED.