Output-side Real GDP at Current Purchasing Power Parities for Portugal
CGDPOSPTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
327,037.72
Year-over-Year Change
9.43%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Portugal, adjusted for purchasing power parity (PPP). It provides a standardized measure of Portugal's economic output and productivity.
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 Portugal is an important indicator of the country's economic performance. It allows for cross-country comparisons of GDP by adjusting for differences in price levels, providing a more accurate representation of relative living standards and productivity.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess Portugal's economic development and competitiveness.
Key Facts
- Portugal's real GDP per capita on a PPP basis was $35,501 in 2021.
- The Portuguese economy grew by 4.9% in 2021 after contracting 8.4% in 2020 due to the COVID-19 pandemic.
- Portugal's GDP per capita on a PPP basis is around 79% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Portugal, adjusted for purchasing power parity (PPP). It provides a standardized measure of the country's economic output and productivity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess Portugal's economic development and competitiveness relative to 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: This metric is used by policymakers, economists, and international organizations to evaluate Portugal's economic performance, set policy priorities, and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Portugal (CGDPOSPTA666NRUG), retrieved from FRED.