Output-side Real GDP at Current Purchasing Power Parities for United Republic of Tanzania
CGDPOSTZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132,853.91
Year-over-Year Change
80.44%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real output-side gross domestic product (GDP) of the United Republic of Tanzania, adjusted for differences in purchasing power across 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
Output-side real GDP at current purchasing power parities (PPPs) provides a standardized measure of the size of a country's economy, allowing for cross-country comparisons that account for variations in price levels. This metric is widely used by economists and policymakers to analyze economic performance and living standards.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers use this metric to benchmark Tanzania's economic development against peer nations.
Key Facts
- Tanzania's 2021 output-side real GDP at current PPPs was $207 billion.
- This metric grew at an average annual rate of 4.9% from 2010 to 2021.
- Tanzania ranks 31st globally by this measure of economic size.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the United Republic of Tanzania, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: Output-side real GDP at current purchasing power parities (PPPs) provides a standardized measure of the size of Tanzania's economy, allowing for cross-country comparisons that account for variations in price levels. This metric is widely used by economists and policymakers to analyze economic performance and living standards.
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: Policymakers use this metric to benchmark Tanzania's economic development against peer nations.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price information from Tanzania.
Related Trends
Expenditure-side Real GDP at Current Purchasing Power Parities for Equatorial Guinea
CGDPESGQA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for New Zealand
CGDPESNZA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Antigua and Barbuda
CGDPESAGA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Belgium
CGDPOSBEA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Jordan
CGDPOSJOA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Bahrain
CGDPOSBHA666NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for United Republic of Tanzania (CGDPOSTZA666NRUG), retrieved from FRED.