Output-side Real GDP at Current Purchasing Power Parities for Niger
CGDPOSNEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,234.17
Year-over-Year Change
83.96%
Date Range
1/1/1960 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Niger, adjusted for purchasing power parity (PPP). It provides insight into the size and growth of Niger'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 for Niger represents the total value of goods and services produced within Niger, adjusted for differences in price levels between countries. This metric allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used by economists, policymakers, and investors to analyze Niger's economic performance and development.
Key Facts
- Niger's real GDP per capita was $1,186 in 2021.
- The economy grew by 1.5% in 2021 after contracting in 2020.
- Agriculture accounts for over one-third of Niger's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Niger, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of economic activity and living standards between Niger and other countries.
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: Economists, policymakers, and investors use this trend to analyze Niger's economic performance and development.
Q: Are there update delays or limitations?
A: The data may have update delays due to the time required to collect and process national accounts and price information.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Niger (CGDPOSNEA666NRUG), retrieved from FRED.