Expenditure-side Real GDP at Current Purchasing Power Parities for South Africa
CGDPESZAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
748,245.94
Year-over-Year Change
20.89%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures the expenditure-side real gross domestic product (GDP) of South Africa adjusted for purchasing power parity (PPP). It provides a standardized basis for comparing the economic output of South Africa with other 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 PPPs is a key metric for assessing the size and growth of a national economy. It accounts for differences in price levels between countries to give a more accurate picture of relative living standards and production capacity.
Methodology
The data is calculated by the World Bank using national accounts and inflation data.
Historical Context
This trend is widely used by economists, policymakers, and investors to analyze the South African economy in a global context.
Key Facts
- South Africa is the 2nd largest economy in Africa.
- Its GDP per capita (PPP) was $13,800 in 2021.
- The economy grew by 4.9% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the size of South Africa's economy in real (inflation-adjusted) terms, taking into account differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: It provides a standardized basis for comparing the economic output and living standards of South Africa relative to other countries, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and inflation data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the South African economy's performance, competitiveness, and development relative to global peers, informing decisions on trade, investment, and economic reform.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of about 1-2 years, so it may not reflect the most recent economic conditions in South Africa.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for South Africa (CGDPESZAA666NRUG), retrieved from FRED.