Expenditure-side Real GDP at Current Purchasing Power Parities for Serbia
CGDPESRSA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121,487.91
Year-over-Year Change
32.65%
Date Range
1/1/1990 - 1/1/2019
Summary
This series measures the expenditure-side real GDP of Serbia at current purchasing power parities. It is a key indicator of the overall economic activity and standard of living in the country.
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) provides a comprehensive measure of the total economic output of Serbia, adjusting for differences in price levels between Serbia and other countries. This allows for more accurate cross-country comparisons of economic performance and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts and price survey information.
Historical Context
Policymakers and analysts use this metric to assess Serbia's economic development and competitiveness relative to other nations.
Key Facts
- Serbia's expenditure-side real GDP at current PPPs was $156 billion in 2021.
- Serbia's real GDP per capita at current PPPs was $22,462 in 2021.
- Serbia's expenditure-side real GDP grew by 7.4% in 2021 after a 0.9% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: This series measures the total economic output of Serbia, adjusted for differences in price levels between Serbia and other countries using purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic performance and living standards, which is important for policymakers and analysts assessing Serbia's economic development 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 survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Serbia's economic development and competitiveness relative to other nations.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, 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 Serbia (CGDPESRSA666NRUG), retrieved from FRED.