Expenditure-side Real GDP at Current Purchasing Power Parities for Portugal
CGDPESPTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
349,450.72
Year-over-Year Change
11.77%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Portugal based on purchasing power parity (PPP) exchange rates. It provides a comprehensive assessment of Portugal's economic output and is a key metric for international comparisons.
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 Portugal represents the total market value of all final goods and services produced within the country, adjusted for differences in purchasing power across economies. This allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze Portugal's economic performance and development relative to other nations.
Key Facts
- Portugal's 2021 expenditure-side real GDP at current PPPs was $333.31 billion.
- This metric has grown at an average annual rate of 1.7% over the past decade.
- Portugal's GDP per capita at current PPPs was $32,850 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Portugal, adjusted for differences in purchasing power across economies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate assessment of Portugal's economic output and living standards compared to other countries, enabling better international comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and international institutions to analyze Portugal's economic performance and development relative to other nations.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Portugal (CGDPESPTA666NRUG), retrieved from FRED.