Output-side Real GDP at Current Purchasing Power Parities for Dominica
CGDPOSDMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
753.61
Year-over-Year Change
23.19%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the output-side real gross domestic product (GDP) of Dominica adjusted for current purchasing power parity (PPP). It provides insights into the real size and growth of Dominica'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
Output-side real GDP at current PPPs represents the size of Dominica's economy in real terms, adjusting for differences in prices across countries. This metric is widely used by economists and policymakers to compare economic output and living standards across nations.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is valuable for evaluating Dominica's economic performance and competitiveness within the region and globally.
Key Facts
- Dominica's output-side real GDP at current PPPs was $0.64 billion in 2021.
- This metric has grown at an average annual rate of 0.8% over the past decade.
- Dominica's GDP per capita at current PPPs was $9,077 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output-side real gross domestic product (GDP) of Dominica, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the real size and growth of Dominica's economy, enabling comparisons of living standards and economic performance across countries.
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 economists use this trend to evaluate Dominica's economic competitiveness and growth within the region and globally.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture the most recent economic conditions in Dominica.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Dominica (CGDPOSDMA666NRUG), retrieved from FRED.