Output-side Real GDP at Current Purchasing Power Parities for Slovakia
CGDPOSSKA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151,482.38
Year-over-Year Change
24.77%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures the real Gross Domestic Product (GDP) of Slovakia adjusted for purchasing power parity (PPP). It provides insights into the size and growth of the Slovak 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 Slovakia is a key measure of economic activity and living standards. It adjusts the nominal GDP figure to account for differences in price levels between countries, enabling cross-country comparisons.
Methodology
The data is calculated by the Organisation for Economic Co-operation and Development (OECD) based on national accounts information.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to evaluate the performance and competitiveness of the Slovak economy.
Key Facts
- Slovakia's 2021 real GDP (PPP) was $207 billion.
- Slovakia's real GDP (PPP) per capita was $38,193 in 2021.
- Slovakia's real GDP (PPP) grew by 3.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real Gross Domestic Product (GDP) of Slovakia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of economic activity and living standards in Slovakia relative to other countries, which is useful for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts information provided by the Slovak government.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions use this trend to evaluate the performance and competitiveness of the Slovak economy, informing economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Slovakia (CGDPOSSKA666NRUG), retrieved from FRED.