Output-side Real GDP at Current Purchasing Power Parities for Liberia
CGDPOSLRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,232.75
Year-over-Year Change
106.80%
Date Range
1/1/1964 - 1/1/2019
Summary
The Output-side Real GDP at Current Purchasing Power Parities for Liberia measures the total economic output of Liberia adjusted for price differences between Liberia and the United States. It is a key indicator of Liberia's economic growth and development.
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
This metric represents the real gross domestic product (GDP) of Liberia, calculated using purchasing power parity (PPP) exchange rates rather than market exchange rates. PPP adjusts for cost-of-living differences across countries, providing a more accurate comparison of economic activity and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts information and price surveys.
Historical Context
This trend is used by economists, policymakers, and international organizations to analyze Liberia's economic performance and make cross-country comparisons.
Key Facts
- Liberia's Output-side Real GDP was $4.44 billion in 2021.
- Liberia's GDP per capita on a PPP basis was $1,193 in 2021.
- Liberia's economy grew by 5.3% in 2021 according to this measure.
FAQs
Q: What does this economic trend measure?
A: The Output-side Real GDP at Current Purchasing Power Parities for Liberia measures the total economic output of Liberia, adjusted for price differences between Liberia and the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of Liberia's economic activity and living standards compared to market exchange rates, allowing for better cross-country analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information and price surveys.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations use this trend to analyze Liberia's economic performance and make cross-country comparisons to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may be subject to revisions as more information becomes available.
Related Trends
Output-side Real GDP at Current Purchasing Power Parities for United Republic of Tanzania
CGDPOSTZA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Burkina Faso
CTFPPPBFA669NRUG
Output-side Real GDP at Current Purchasing Power Parities for Equatorial Guinea
CGDPOSGQA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Burkina Faso
CGDPOSBFA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Malaysia
CGDPOSMYA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Islamic Republic of Iran
CTFPPPIRA669NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Liberia (CGDPOSLRA666NRUG), retrieved from FRED.