Expenditure-side Real GDP at Current Purchasing Power Parities for Mexico
CGDPESMXA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,458,029.50
Year-over-Year Change
39.17%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures Mexico's real gross domestic product (GDP) adjusted for purchasing power parity (PPP). It provides a comprehensive gauge of Mexico's economic output and living standards relative to other 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 Mexico tracks the total value of all final goods and services produced within Mexico's economy, adjusted for differences in purchasing power across countries. This metric enables meaningful international comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to assess Mexico's economic performance and competitiveness in the global market.
Key Facts
- Mexico's real GDP at PPP was $2.49 trillion in 2021.
- Mexico's GDP per capita at PPP was $19,462 in 2021.
- Mexico accounts for approximately 1.8% of global GDP at PPP.
FAQs
Q: What does this economic trend measure?
A: This trend measures Mexico's real gross domestic product (GDP) adjusted for purchasing power parity (PPP), providing a comprehensive gauge of the country's economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric enables meaningful international comparisons of economic activity and living standards, making it valuable for policymakers and analysts assessing Mexico's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Mexico's economic performance and competitiveness in the global market.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price data from Mexico.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Mexico (CGDPESMXA666NRUG), retrieved from FRED.