Expenditure-side Real GDP at Current Purchasing Power Parities for El Salvador
CGDPESSVA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,657.52
Year-over-Year Change
99.04%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of El Salvador, adjusted for differences in purchasing power across countries. It provides a standardized measure of economic output that enables cross-country 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 purchasing power parities (PPPs) for El Salvador is a key indicator of the country's economic performance. It adjusts the nominal GDP figure to account for price level differences, allowing analysts to evaluate El Salvador's economic growth relative to other nations.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess El Salvador's economic competitiveness and living standards relative to its peers.
Key Facts
- El Salvador's 2021 expenditure-side real GDP at current PPPs was $61.7 billion.
- This metric grew by 4.2% in 2021 after a 8.6% contraction in 2020 due to the COVID-19 pandemic.
- El Salvador's real GDP per capita at current PPPs was $9,302 in 2021, below the Latin American average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of El Salvador, adjusted for differences in purchasing power across countries. It provides a standardized measure of economic output that enables cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess El Salvador's economic competitiveness and living standards relative to its peers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-based national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by analysts and policymakers to evaluate El Salvador's economic performance, competitiveness, and living standards compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of around 1-2 years.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for El Salvador (CGDPESSVA666NRUG), retrieved from FRED.