Expenditure-side Real GDP at Current Purchasing Power Parities for Mozambique
CGDPESMZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,366.62
Year-over-Year Change
39.13%
Date Range
1/1/1960 - 1/1/2019
Summary
This trend measures the total output of goods and services produced in Mozambique, adjusted for differences in purchasing power across countries. It provides a comprehensive gauge of the country's economic activity 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 indicator of a country's economic performance. It allows for cross-country comparisons of living standards and productivity by accounting for price level differences between nations.
Methodology
The data is calculated by the World Bank using national accounts statistics and price surveys.
Historical Context
Policymakers and analysts use this metric to evaluate Mozambique's economic development and competitiveness within the global economy.
Key Facts
- Mozambique's expenditure-side real GDP was $37.4 billion in 2021.
- Real GDP per capita in Mozambique was $1,193 in 2021.
- Mozambique's economy has grown by an average of 4.6% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in Mozambique, adjusted for differences in purchasing power between countries. It provides a comprehensive gauge of the country's economic activity and living standards.
Q: Why is this trend relevant for users or analysts?
A: Expenditure-side real GDP at purchasing power parity is a key indicator for evaluating a country's economic performance and allowing cross-country comparisons of living standards and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and price surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Mozambique's economic development and competitiveness within the global economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Mozambique (CGDPESMZA666NRUG), retrieved from FRED.