Output-side Real GDP at Current Purchasing Power Parities for Dominican Republic
CGDPOSDOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
192,885.86
Year-over-Year Change
80.02%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of the Dominican Republic, adjusted for purchasing power parity (PPP). It provides insights into the overall size and growth of the Dominican 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 for the Dominican Republic is a comprehensive measure of the total value of goods and services produced within the country's borders. It accounts for differences in price levels between the Dominican Republic and other economies, enabling cross-country comparisons.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and analysts to assess the Dominican Republic's economic performance and competitiveness.
Key Facts
- The Dominican Republic's real GDP at PPP was $193.7 billion in 2021.
- The Dominican economy grew by 5.5% in 2021, recovering from the COVID-19 pandemic.
- The Dominican Republic is the largest economy in the Caribbean region.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of the Dominican Republic, adjusted for purchasing power parity (PPP). It provides a comprehensive view of the overall size and growth of the Dominican economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and analysts to assess the Dominican Republic's economic performance and competitiveness relative to other countries, as it accounts for differences in price levels.
Q: How is this data collected or calculated?
A: The data is 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 indicator is used by policymakers, international organizations, and analysts to evaluate the Dominican Republic's economic growth, competitiveness, and overall development, which informs policy decisions and assessments.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, 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 Dominican Republic (CGDPOSDOA666NRUG), retrieved from FRED.