Expenditure-side Real GDP at Current Purchasing Power Parities for Macao
CGDPESMOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67,310.36
Year-over-Year Change
101.12%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Macao based on purchasing power parity (PPP) exchange rates. It provides a standardized comparison of economic output 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
The expenditure-side real GDP at current PPPs for Macao represents the total market value of all goods and services produced within the Macao economy, adjusted for differences in purchasing power between Macao and other countries. This metric is useful for international economic comparisons.
Methodology
The data is calculated by the World Bank using national accounts and PPP exchange rate information.
Historical Context
This trend is used by economists, policymakers, and international organizations to analyze Macao's economic performance and compare it to other nations.
Key Facts
- Macao is a special administrative region of China.
- Macao's economy is heavily dependent on tourism and gambling.
- The Macao government promotes economic diversification beyond gaming.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Macao, adjusted for differences in purchasing power between Macao and other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for standardized international comparisons of Macao's economic output and performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) exchange rate information.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations use this trend to analyze Macao's economic performance and compare it to other nations.
Q: Are there update delays or limitations?
A: There may be lags in data availability and potential limitations in accurately measuring the Macao economy due to its unique economic structure.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Macao (CGDPESMOA666NRUG), retrieved from FRED.