Output-side Real GDP at Current Purchasing Power Parities for Djibouti
CGDPOSDJA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,095.72
Year-over-Year Change
117.44%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Djibouti, adjusted for differences in purchasing power across countries. It is a key indicator of the overall size and growth of Djibouti's 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 purchasing power parities (PPPs) for Djibouti provides a standardized measure of the value of goods and services produced within the country, allowing for comparisons across economies. PPPs account for price level differences, enabling more accurate cross-country analysis.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess Djibouti's economic performance and development.
Key Facts
- Djibouti's output-side real GDP at current PPPs was $3.6 billion in 2021.
- The metric has grown at an average annual rate of 5.7% over the past decade.
- Djibouti's GDP per capita at current PPPs was $3,713 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Djibouti, adjusted for differences in purchasing power across countries. It provides a standardized measure of the value of goods and services produced within Djibouti.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess Djibouti's economic performance and development in a cross-country comparative context.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, analysts, and international institutions to evaluate Djibouti's economic growth, compare its performance to other countries, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Djibouti (CGDPOSDJA666NRUG), retrieved from FRED.