Output-side Real GDP at Current Purchasing Power Parities for Angola
CGDPOSAOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
223,289.31
Year-over-Year Change
86.82%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Angola, adjusted for purchasing power parity (PPP). It provides a more accurate picture of Angola's economic output compared to using market exchange rates.
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 output-side real GDP at current purchasing power parities represents the total value of goods and services produced within Angola, adjusted for differences in price levels between Angola and a reference country or region. This metric is widely used by economists and policymakers to compare living standards and production capacity across countries.
Methodology
The data is calculated by the World Bank using national accounts information and PPP conversion factors.
Historical Context
This trend is a key indicator for assessing Angola's economic performance and can inform policy decisions and international comparisons.
Key Facts
- Angola's output-side real GDP at current PPP was $187 billion in 2021.
- This metric grew by 0.7% in 2021 after contracting in 2020 due to the COVID-19 pandemic.
- Angola's real GDP per capita at current PPP was $5,559 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Angola, adjusted for differences in purchasing power across countries. It provides a more accurate picture of Angola's economic output compared to using market exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to compare living standards and production capacity across countries. It is a key indicator for assessing Angola's economic performance and can inform policy decisions and international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, international organizations, and analysts to assess Angola's economic growth, living standards, and production capacity relative to other countries. It can inform policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years. There may also be limitations in the underlying national accounts data and PPP conversion factors used to calculate this metric.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Angola (CGDPOSAOA666NRUG), retrieved from FRED.