Output-side Real GDP at Current Purchasing Power Parities for Senegal
CGDPOSSNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,146.42
Year-over-Year Change
52.91%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures Senegal's real GDP, adjusted for purchasing power parity (PPP). It provides a more accurate picture of Senegal's economic output and living standards compared to market exchange rates.
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 indicator of a country's economic size and development. It allows for better cross-country comparisons by accounting for differences in price levels and purchasing power.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to evaluate Senegal's economic performance and living standards relative to other countries.
Key Facts
- Senegal's 2021 real GDP at PPP was $71.4 billion.
- Senegal's real GDP per capita at PPP was $4,258 in 2021.
- Senegal's economy has grown at an average annual rate of 5.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures Senegal's real gross domestic product (GDP) adjusted for purchasing power parity (PPP). It provides a more accurate picture of the size and living standards of Senegal's economy compared to using market exchange rates.
Q: Why is this trend relevant for users or analysts?
A: Output-side real GDP at PPP is a key indicator of a country's economic development and living standards. It allows for better cross-country comparisons by accounting for differences in price levels and purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and price information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Senegal's economic performance and living standards relative to other countries, which informs economic and development policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of about a year. There may also be revisions to historical data as methodologies and source information are updated.
Related Trends
Total Factor Productivity Level at Current Purchasing Power Parities for Jamaica
CTFPPPJMA669NRUG
Capital stock at Current Purchasing Power Parities for Czech Republic
CKSPPPCZA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Norway
CTFPPPNOA669NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Slovakia
CGDPESSKA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Sri Lanka
CTFPPPLKA669NRUG
Output-side Real GDP at Current Purchasing Power Parities for Central African Republic
CGDPOSCFA666NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Senegal (CGDPOSSNA666NRUG), retrieved from FRED.