Expenditure-side Real GDP at Current Purchasing Power Parities for Mali
CGDPESMLA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,311.73
Year-over-Year Change
121.38%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real GDP of Mali based on purchasing power parity, providing a more accurate assessment of the country's economic output relative to other nations.
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 Purchasing Power Parities (PPPs) is an indicator that adjusts a country's GDP to account for differences in the cost of living, allowing for better cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated using exchange rates and price levels to convert GDP from local currency to a common unit.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Key Facts
- Mali's GDP in 2021 was $46 billion (PPP).
- Mali's GDP per capita in 2021 was $2,302 (PPP).
- Mali's economy grew by 3.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real GDP of Mali based on purchasing power parity, providing a more accurate assessment of the country's economic output relative to other nations.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated using exchange rates and price levels to convert GDP from local currency to a common unit.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess a country's economic output and living standards in a global context, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Mali (CGDPESMLA666NRUG), retrieved from FRED.