Output-side Real GDP at Current Purchasing Power Parities for Suriname
CGDPOSSRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,440.47
Year-over-Year Change
51.63%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the output-side real gross domestic product (GDP) of Suriname adjusted for purchasing power parity (PPP). It is a key indicator of the overall size and growth of Suriname's 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
The output-side real GDP at current PPPs for Suriname represents the total value of all goods and services produced within the country, adjusted for differences in price levels between Suriname and other economies. This metric allows for more accurate international comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts information and PPP conversion factors.
Historical Context
Policymakers and analysts use this trend to evaluate Suriname's economic performance and make informed decisions.
Key Facts
- Suriname's output-side real GDP at current PPPs was $8.4 billion in 2021.
- The trend has grown at an average annual rate of 1.7% over the past decade.
- Suriname's GDP per capita at current PPPs was $14,400 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within Suriname, adjusted for differences in price levels between Suriname and other economies.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate international comparisons of economic activity and living standards, which is crucial for policymakers and analysts evaluating Suriname's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Suriname's economic performance and make informed decisions about policies and investments.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, 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 Suriname (CGDPOSSRA666NRUG), retrieved from FRED.