Output-side Real GDP at Current Purchasing Power Parities for Bahamas
CGDPOSBSA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,962.30
Year-over-Year Change
2.78%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the output-side real GDP of the Bahamas adjusted for purchasing power parity. It provides a more accurate picture of the Bahamian economy's size and growth 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
Output-side real GDP at current purchasing power parities (PPPs) is a measure of the size of a country's economy that adjusts for differences in price levels between countries. This allows for more meaningful international comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to evaluate the Bahamian economy's performance and competitiveness within the region.
Key Facts
- The Bahamas is an archipelago nation in the Atlantic Ocean.
- Tourism is a major driver of the Bahamian economy.
- The Bahamian dollar is pegged to the US dollar at par.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output-side real GDP of the Bahamas, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: Adjusting for purchasing power provides a more accurate picture of the Bahamian economy's size and growth compared to using market exchange rates, allowing for better international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the Bahamian economy's performance and competitiveness within the region.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with some delay, and may not fully capture short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Bahamas (CGDPOSBSA666NRUG), retrieved from FRED.