Expenditure-side Real GDP at Current Purchasing Power Parities for Zambia
CGDPESZMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,695.07
Year-over-Year Change
67.89%
Date Range
1/1/1955 - 1/1/2019
Summary
This trend measures the total economic output of Zambia, adjusted for differences in purchasing power across countries. It provides a standardized metric for comparing Zambia's GDP to other nations.
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 is a measure of a country's economic activity that accounts for differences in the cost of living across nations. It allows for more accurate international comparisons of GDP than market exchange rates alone.
Methodology
The data is calculated by the World Bank using domestic and international price comparisons.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess Zambia's economic performance and development relative to its global peers.
Key Facts
- Zambia's GDP was $73.91 billion in 2021.
- GDP per capita in Zambia was $3,940 in 2021.
- Zambia's economy grew by 3.6% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures Zambia's total economic output, adjusted for differences in purchasing power across countries. It provides a standardized metric for comparing Zambia's GDP to other nations.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess Zambia's economic performance and development relative to its global peers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using domestic and international price comparisons.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and international organizations to evaluate Zambia's economic conditions and guide policy decisions related to trade, investment, and development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a typical update delay of 6-12 months.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Zambia (CGDPESZMA666NRUG), retrieved from FRED.