Expenditure-side Real GDP at Current Purchasing Power Parities for Senegal
CGDPESSNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,816.98
Year-over-Year Change
55.11%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures real GDP in Senegal adjusted for purchasing power parity, providing a more accurate 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
Expenditure-side real GDP at current purchasing power parities (PPPs) is a measure of a country's economic output that accounts for differences in price levels between countries, enabling more reliable cross-country comparisons.
Methodology
The data is calculated by the World Bank using expenditure-side national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists and policymakers to evaluate Senegal's economic performance and competitiveness.
Key Facts
- Senegal's real GDP adjusted for PPP was $33.4 billion in 2021.
- PPP-adjusted GDP better reflects a country's standard of living compared to nominal GDP.
- Senegal's PPP-adjusted GDP per capita was $1,972 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures Senegal's real GDP adjusted for purchasing power parity, providing a more accurate comparison of the country's economic output compared to using nominal GDP.
Q: Why is this trend relevant for users or analysts?
A: Adjusting for purchasing power parity is important for accurately comparing economic performance across countries with different price levels, and is widely used by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate Senegal's economic competitiveness and performance relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Senegal (CGDPESSNA666NRUG), retrieved from FRED.