Expenditure-side Real GDP at Current Purchasing Power Parities for Namibia
CGDPESNAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,191.70
Year-over-Year Change
52.17%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Namibia, adjusted for purchasing power parity (PPP). It provides insights into the overall size and growth of Namibia's 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
The expenditure-side real GDP at current PPPs for Namibia represents the total market value of all final goods and services produced within the country, adjusted for differences in purchasing power across countries. This metric is useful for international economic comparisons and analyzing Namibia's economic performance over time.
Methodology
The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Policymakers and analysts use this trend to evaluate Namibia's economic development and competitiveness relative to other countries.
Key Facts
- Namibia's 2021 expenditure-side real GDP at current PPPs was $27.7 billion.
- This metric grew by 2.4% in 2021 after a 7.9% decline in 2020 due to the COVID-19 pandemic.
- Namibia's GDP per capita at current PPPs was $10,957 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Namibia, adjusted for differences in purchasing power across countries using purchasing power parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall size and growth of Namibia's economy, which is useful for international economic comparisons and analyzing the country's economic performance over time.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this expenditure-side real GDP at current PPPs for Namibia to evaluate the country's economic development and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
Related Trends
Capital stock at Current Purchasing Power Parities for Taiwan Province of China
CKSPPPTWA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Belize
CGDPESBZA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Latvia
CTFPPPLVA669NRUG
Capital stock at Current Purchasing Power Parities for Kuwait
CKSPPPKWA666NRUG
Capital stock at Current Purchasing Power Parities for Uruguay
CKSPPPUYA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Ecuador
CGDPOSECA666NRUG
Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Namibia (CGDPESNAA666NRUG), retrieved from FRED.