Output-side Real GDP at Current Purchasing Power Parities for Russian Federation
CGDPOSRUA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,133,948.50
Year-over-Year Change
43.23%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the output-side real GDP of Russia adjusted for purchasing power parity. It is a key indicator of the overall size and strength of the Russian 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 measure of the total value of goods and services produced in Russia, adjusted for differences in price levels between Russia and other countries. This metric provides a more accurate comparison of Russia's economic output compared to using market exchange rates.
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 assess the Russian economy's performance and global competitiveness.
Key Facts
- Russia is the world's 11th largest economy by output-side real GDP.
- Russia's output-side real GDP was $4.1 trillion in 2021.
- Russia's economy grew by 4.7% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in Russia, adjusted for differences in price levels between Russia and other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of Russia's economic output compared to using market exchange rates, making it a key indicator of the overall size and strength of the Russian economy.
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 trend is widely used by economists, policymakers, and investors to assess the Russian economy's performance and global competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid economic changes in Russia.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Russian Federation (CGDPOSRUA666NRUG), retrieved from FRED.