Output-side Real GDP at Current Purchasing Power Parities for New Zealand
CGDPOSNZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199,241.38
Year-over-Year Change
43.26%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of New Zealand adjusted for differences in purchasing power across countries. It provides a comprehensive indicator of the overall size and growth of the New Zealand economy.
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 is a key macroeconomic indicator that allows for international comparisons of economic activity. It is used by economists and policymakers to assess the relative performance and competitiveness of the New Zealand economy.
Methodology
The data is calculated by the OECD using national accounts statistics and price level data.
Historical Context
This measure is widely used to inform economic policy decisions and cross-country analyses.
Key Facts
- New Zealand's real GDP at PPP was $207 billion in 2021.
- The New Zealand economy grew by 5.6% in 2021 after contracting in 2020.
- New Zealand has the 17th largest economy among OECD countries by this measure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output of goods and services produced in the New Zealand economy, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This measure allows for meaningful international comparisons of economic activity and is a key indicator of New Zealand's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts statistics and price level data.
Q: How is this trend used in economic policy?
A: This measure is widely used by economists and policymakers to inform economic policy decisions and cross-country analyses.
Q: Are there update delays or limitations?
A: There may be some time lag in the availability of the latest data, as it depends on the release of national accounts statistics and price level data by statistical agencies.
Related Trends
Total Factor Productivity Level at Current Purchasing Power Parities for Singapore
CTFPPPSGA669NRUG
Capital stock at Current Purchasing Power Parities for Sierra Leone
CKSPPPSLA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Latvia
CGDPOSLVA666NRUG
Capital stock at Current Purchasing Power Parities for Ethiopia
CKSPPPETA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Ecuador
CGDPESECA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Paraguay
CTFPPPPYA669NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for New Zealand (CGDPOSNZA666NRUG), retrieved from FRED.