Output-side Real GDP at Current Purchasing Power Parities for Croatia
CGDPOSHRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108,094.82
Year-over-Year Change
17.41%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the output-side real GDP of Croatia adjusted for purchasing power parity. It is a key indicator of Croatia's economic performance and living standards relative to other 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 purchasing power parities (PPPs) provides a comprehensive measure of the total economic output of a country, adjusting for differences in price levels across nations. This allows for more accurate comparisons of living standards and productivity between countries.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this indicator to evaluate Croatia's economic development and competitiveness in the global marketplace.
Key Facts
- Croatia's output-side real GDP at PPP was $110.78 billion in 2021.
- Croatia's real GDP per capita at PPP was $27,126 in 2021.
- Croatia's real GDP grew by 10.2% in 2021 after a 8.1% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Croatia, adjusting for differences in price levels compared to other countries using purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a more accurate comparison of Croatia's living standards and productivity relative to other economies, which is valuable for policymakers and analysts evaluating the country's economic development and competitiveness.
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 analysts use this indicator to assess Croatia's economic performance and living standards in a global context, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Croatia (CGDPOSHRA666NRUG), retrieved from FRED.