Expenditure-side Real GDP at Current Purchasing Power Parities for Russian Federation
CGDPESRUA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,195,527.00
Year-over-Year Change
44.96%
Date Range
1/1/1990 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Russia based on purchasing power parity (PPP) exchange rates. It provides a standardized comparison of economic output across 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 Russia tracks the total value of all goods and services produced within the country, adjusted for differences in purchasing power between Russia and the United States. This metric is widely used by economists and policymakers to analyze Russia's economic performance and living standards relative to other major economies.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is a key indicator for assessing Russia's economic development and competitiveness on the global stage.
Key Facts
- Russia's 2021 expenditure-side real GDP at current PPPs was $4.4 trillion.
- Russia accounts for over 3% of global GDP based on this PPP-adjusted metric.
- Russia's real GDP per capita at current PPPs was $30,434 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Russia based on purchasing power parity (PPP) exchange rates, providing a standardized comparison of economic output across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze Russia's economic performance and living standards relative to other major economies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is a key indicator for assessing Russia's economic development and competitiveness on the global stage.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and PPP conversion factors published by the World Bank.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Russian Federation (CGDPESRUA666NRUG), retrieved from FRED.