Output-side Real GDP at Current Purchasing Power Parities for Fiji
CGDPOSFJA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,362.83
Year-over-Year Change
124.17%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Fiji, adjusted for differences in purchasing power across countries. It provides a comprehensive gauge of Fiji's economic output and growth over time.
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
Real GDP at current purchasing power parities (PPPs) is a key indicator of a country's economic performance. It allows for more accurate international comparisons of economic activity by accounting for variations in price levels between countries.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used by economists, policymakers, and investors to analyze Fiji's economic development and competitiveness.
Key Facts
- Fiji's real GDP at current PPPs was $8.53 billion in 2021.
- GDP growth in Fiji was 1.0% in 2021 after a 15.2% contraction in 2020.
- Fiji's real GDP per capita at current PPPs was $9,576 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Fiji, adjusted for differences in purchasing power across countries. It provides a comprehensive gauge of Fiji's economic output and growth over time.
Q: Why is this trend relevant for users or analysts?
A: Real GDP at current purchasing power parities (PPPs) is a key indicator of a country's economic performance and allows for more accurate international comparisons of economic activity by accounting for variations in price levels between 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: This trend is widely used by economists, policymakers, and investors to analyze Fiji's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not reflect the most recent economic conditions in Fiji.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Fiji (CGDPOSFJA666NRUG), retrieved from FRED.