Gross Domestic Product in U.S. Dollars for Caribbean
CRBNGDPD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
218,769,809,541.00
Year-over-Year Change
65.16%
Date Range
1/1/2011 - 1/1/2024
Summary
The Gross Domestic Product (GDP) in U.S. Dollars for the Caribbean region measures the total value of goods and services produced within the Caribbean nations. This metric is crucial for analyzing the economic performance and growth trajectory of the Caribbean economies.
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 GDP in U.S. Dollars for the Caribbean is a comprehensive indicator of the overall economic activity and output in the region. It represents the market value of all final goods and services produced within the Caribbean countries, which is useful for cross-country comparisons and assessing the region's economic development.
Methodology
The data is collected and calculated by national statistical agencies and compiled by international organizations such as the World Bank.
Historical Context
This GDP metric is widely used by policymakers, economists, and investors to evaluate the Caribbean's economic conditions, make informed decisions, and develop effective policies.
Key Facts
- The Caribbean region includes countries such as Jamaica, Bahamas, and Trinidad and Tobago.
- GDP in U.S. Dollars for the Caribbean reached over $200 billion in 2021.
- The Caribbean economies are heavily influenced by tourism, natural resources, and trade.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) in U.S. Dollars for the Caribbean region measures the total value of goods and services produced within the Caribbean nations.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing the economic performance and growth trajectory of the Caribbean economies, which is useful for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by national statistical agencies and compiled by international organizations such as the World Bank.
Q: How is this trend used in economic policy?
A: This GDP metric is widely used by policymakers, economists, and investors to evaluate the Caribbean's economic conditions, make informed decisions, and develop effective policies.
Q: Are there update delays or limitations?
A: The data may have some update delays or limitations due to the varying data collection and reporting methods across the Caribbean nations.
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Citation
U.S. Federal Reserve, Gross Domestic Product in U.S. Dollars for Caribbean (CRBNGDPD), retrieved from FRED.