Output-side Real GDP at Current Purchasing Power Parities for Namibia
CGDPOSNAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,621.19
Year-over-Year Change
50.02%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the output-side real GDP of Namibia at current purchasing power parities. It provides insights into the size and growth of Namibia's economy 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
The output-side real GDP at current purchasing power parities is a measure of the size of Namibia's economy adjusted for price differences between countries. It is used to compare economic output and living standards across nations.
Methodology
The data is calculated using exchange rates and price levels to convert national currencies into a common unit.
Historical Context
This metric informs economic analysis, policymaking, and international comparisons of Namibia's economic performance.
Key Facts
- Namibia's output-side real GDP was $25.9 billion in 2021.
- GDP per capita in Namibia was $10,305 in 2021.
- Namibia's economy grew by 2.4% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the size of Namibia's economy adjusted for price differences between countries using purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for reliable cross-country comparisons of economic output and living standards, informing analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated using exchange rates and price levels to convert Namibia's national currency into a common unit.
Q: How is this trend used in economic policy?
A: This output-side GDP measure is used by economists, policymakers, and institutions to assess Namibia's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture the most recent economic conditions in Namibia.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Namibia (CGDPOSNAA666NRUG), retrieved from FRED.