Output-side Real GDP at Current Purchasing Power Parities for Paraguay
CGDPOSPYA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86,919.08
Year-over-Year Change
78.58%
Date Range
1/1/1951 - 1/1/2019
Summary
This trend measures Paraguay's real gross domestic product (GDP) adjusted for purchasing power parity (PPP), providing a comprehensive gauge of the country's economic output and living standards.
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 PPPs is a key macroeconomic indicator that allows for cross-country comparisons of economic activity and productivity levels. It is widely used by economists, policymakers, and international organizations to analyze Paraguay's economic development and growth.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This metric informs policy decisions and assessments of Paraguay's economic performance relative to regional and global peers.
Key Facts
- Paraguay's 2021 real GDP at current PPPs was $124.8 billion.
- Paraguay's real GDP per capita at current PPPs was $17,462 in 2021.
- Paraguay's economy grew by 4% in 2021 after contracting 1.1% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures Paraguay's real gross domestic product (GDP) adjusted for purchasing power parity (PPP), providing a comprehensive gauge of the country's economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: Output-side real GDP at current PPPs is a key macroeconomic indicator that allows for cross-country comparisons of economic activity and productivity levels, informing policy decisions and assessments of Paraguay's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This metric informs policy decisions and assessments of Paraguay's economic performance relative to regional and global peers.
Q: Are there update delays or limitations?
A: The data is published 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 Paraguay (CGDPOSPYA666NRUG), retrieved from FRED.