Output-side Real GDP at Current Purchasing Power Parities for Finland
CGDPOSFIA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
249,282.98
Year-over-Year Change
6.11%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Finland, adjusted for differences in purchasing power across countries. It provides a comprehensive indicator of Finland's economic output and growth.
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 series captures the total value of goods and services produced in Finland, expressed in a common currency and adjusted for price level differences. This allows for more accurate international comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the OECD using national accounts and price data.
Historical Context
This metric is widely used by economists, policymakers, and analysts to assess Finland's economic performance and competitiveness in the global marketplace.
Key Facts
- Finland's real GDP per capita on a purchasing power parity basis was $50,790 in 2021.
- The Output-side Real GDP series adjusts for price level differences across countries.
- Finland's economy grew by 3.0% in 2021 according to this measure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Finland, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive indicator of Finland's economic output and growth, allowing for more accurate international comparisons of economic activity and living standards.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using national accounts and price data.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and analysts to assess Finland's economic performance and competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: The data is published regularly by the OECD, but may have some delays in availability compared to other economic indicators.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Finland (CGDPOSFIA666NRUG), retrieved from FRED.