Expenditure-side Real GDP at Current Purchasing Power Parities for Lithuania
CGDPESLTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103,352.41
Year-over-Year Change
46.89%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Lithuania, adjusted for purchasing power parity (PPP). It provides a standardized comparison of economic output and living standards 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
Expenditure-side real GDP at current PPPs for Lithuania is a key metric used by economists and policymakers to assess the size and growth of the Lithuanian economy relative to other countries. It enables meaningful cross-country comparisons by accounting for differences in price levels.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and PPP conversion factors.
Historical Context
This trend is widely referenced in international economic analyses and policy discussions.
Key Facts
- Lithuania's real GDP at PPP was $107.6 billion in 2021.
- Lithuania's real GDP per capita at PPP was $38,700 in 2021.
- Lithuania's real GDP growth at PPP was 5.0% in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Lithuania, adjusted for differences in purchasing power across countries using purchasing power parity (PPP) conversion factors.
Q: Why is this trend relevant for users or analysts?
A: This trend enables meaningful comparisons of economic output and living standards between Lithuania and other countries by accounting for price level differences. It is widely used by economists and policymakers to assess the size and growth of the Lithuanian economy.
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 trend is referenced extensively in international economic analyses and policy discussions, as it provides a standardized measure of economic output that can be compared across countries.
Q: Are there update delays or limitations?
A: There may be delays of several months in the availability of the latest data, as it requires coordination between national statistical agencies and international organizations.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Lithuania (CGDPESLTA666NRUG), retrieved from FRED.