Expenditure-side Real GDP at Current Purchasing Power Parities for Mongolia
CGDPESMNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,267.35
Year-over-Year Change
120.50%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Mongolia based on current purchasing power parities, providing insight into the size and growth of the Mongolian economy.
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 is a key measure of economic activity that accounts for differences in relative prices across countries, enabling cross-country comparisons of GDP.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and purchasing power parity exchange rates.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze and compare the economic performance of Mongolia.
Key Facts
- Mongolia's real GDP at current PPP was $42.7 billion in 2021.
- Real GDP growth in Mongolia was 1.4% in 2021.
- Mongolia's real GDP per capita at current PPP was $13,041 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Mongolia, adjusting for differences in purchasing power across countries to enable cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the size and growth of the Mongolian economy, which is crucial for economic analysis, policymaking, and international comparisons.
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 exchange rates.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and international institutions to analyze and compare the economic performance of Mongolia.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Mongolia (CGDPESMNA666NRUG), retrieved from FRED.