Expenditure-side Real GDP at Current Purchasing Power Parities for Maldives
CGDPESMVA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,085.32
Year-over-Year Change
110.08%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Maldives based on current purchasing power parities, providing insight into the country's economic performance and living standards.
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 a key measure of a country's economic output and living standards. It adjusts the nominal GDP for price level differences across countries, allowing for more accurate cross-country comparisons.
Methodology
The data is collected and calculated by the World Bank using established national accounts and PPP estimation methods.
Historical Context
This trend is widely used by economists, policymakers, and investors to analyze Maldives' economic development and competitiveness.
Key Facts
- Maldives' GDP was $5.8 billion in 2021.
- GDP per capita in Maldives was $13,462 in 2021.
- Maldives' economy is heavily dependent on tourism.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Maldives, adjusting for differences in price levels between countries using purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate basis for comparing Maldives' economic output and living standards with other countries, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established national accounts and purchasing power parity estimation methods.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to analyze Maldives' economic development, competitiveness, and living standards relative to other countries.
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 information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Maldives (CGDPESMVA666NRUG), retrieved from FRED.