Expenditure-side Real GDP at Current Purchasing Power Parities for Trinidad and Tobago
CGDPESTTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,296.21
Year-over-Year Change
-3.15%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Trinidad and Tobago, adjusted for purchasing power parity (PPP). It provides a comprehensive view of the country's economic output and is a key indicator used by economists and policymakers.
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 Trinidad and Tobago represents the total value of all goods and services produced within the country, adjusted for differences in price levels between Trinidad and Tobago and the United States. This allows for more accurate cross-country comparisons of economic activity.
Methodology
The data is collected and calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used by economists, investors, and policymakers to analyze the state of the Trinidadian economy and inform economic policy decisions.
Key Facts
- Trinidad and Tobago is a high-income Caribbean nation.
- Its economy is heavily dependent on oil and natural gas exports.
- The country has a population of approximately 1.4 million people.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Trinidad and Tobago, adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides a comprehensive view of the Trinidadian economy's output and is a key indicator used by economists and policymakers to analyze the country's economic performance and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, investors, and policymakers to analyze the state of the Trinidadian economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price data from Trinidad and Tobago.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Trinidad and Tobago (CGDPESTTA666NRUG), retrieved from FRED.