Output-side Real GDP at Current Purchasing Power Parities for Gabon
CGDPOSGAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,140.02
Year-over-Year Change
34.05%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Gabon adjusted for purchasing power parity (PPP), providing a more accurate comparison of living standards across countries.
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 is a key metric for evaluating the size and performance of national economies. It accounts for differences in price levels between countries to give a more precise measure of relative economic output and living standards.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze and compare economic development across countries.
Key Facts
- Gabon's output-side real GDP at current PPPs was $34.4 billion in 2021.
- This metric grew by 1.5% in Gabon in 2021 compared to the previous year.
- Gabon's real GDP per capita at current PPPs was $15,700 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Gabon, adjusted for differences in purchasing power parity (PPP) across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic output between Gabon and other countries by accounting for price level differences.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to analyze and compare economic development across countries.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it relies on national accounts and PPP estimates.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Gabon (CGDPOSGAA666NRUG), retrieved from FRED.