Output-side Real GDP at Current Purchasing Power Parities for Cyprus
CGDPOSCYA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,377.01
Year-over-Year Change
20.14%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures the real output-side gross domestic product (GDP) of Cyprus, adjusted for purchasing power parity (PPP). It provides insights into the overall economic activity and productivity of the Cypriot economy.
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 PPPs represents the total value of goods and services produced in Cyprus, valued at international prices rather than domestic prices. This metric allows for cross-country comparisons of economic output and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess the relative size and performance of the Cypriot economy within the global context.
Key Facts
- Cyprus's output-side real GDP was $25.9 billion in 2021.
- Cyprus's GDP per capita at PPP was $29,600 in 2021.
- The Cypriot economy grew by 5.5% in 2021 after the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in Cyprus, adjusted for purchasing power parity to allow for cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall size, productivity, and living standards of the Cypriot economy, which is useful for economists, policymakers, and investors analyzing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and investors to assess the relative size and performance of the Cypriot economy within the global context, informing economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions by the World Bank, which may result in some update delays.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Cyprus (CGDPOSCYA666NRUG), retrieved from FRED.