Output-side Real GDP at Current Purchasing Power Parities for Macao
CGDPOSMOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,140.26
Year-over-Year Change
75.25%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Macao, adjusted for differences in purchasing power between countries. It provides a comprehensive indicator of the overall economic activity and growth in Macao.
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 for Macao is a key metric used by economists and policymakers to assess the size and performance of Macao's economy. It allows for cross-country comparisons by accounting for price level differences, providing a more accurate picture of economic activity.
Methodology
The data is calculated based on national accounts information and purchasing power parity (PPP) exchange rates.
Historical Context
This trend is widely used to inform economic policy decisions and analyze Macao's economic integration and competitiveness within the global market.
Key Facts
- Macao's GDP accounts for a significant portion of its overall economic activity.
- Real GDP adjusts for inflation to provide a more accurate measure of economic growth.
- Purchasing power parity enables cross-country comparisons of economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Macao, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a comprehensive indicator of the overall economic activity and growth in Macao, allowing for more accurate cross-country comparisons and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information and purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: This trend is widely used to analyze Macao's economic integration and competitiveness within the global market, informing policy decisions.
Q: Are there update delays or limitations?
A: There may be update delays or limitations inherent in the national accounts and PPP data used to calculate this trend.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Macao (CGDPOSMOA666NRUG), retrieved from FRED.