Gross Domestic Product for Comoros
MKTGDPKMA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,546,164,420.32
Year-over-Year Change
52.21%
Date Range
1/1/1980 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Comoros measures the total value of all goods and services produced within the country. As a key macroeconomic indicator, GDP provides insights into the overall health and growth of the Comorian 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
GDP is considered the broadest measure of a country's economic activity and production. It represents the market value of all final goods and services produced within Comoros over a specific time period, typically a quarter or a year. GDP data is widely used by economists, policymakers, and investors to analyze economic trends and inform decision-making.
Methodology
The GDP for Comoros is calculated by the World Bank using national accounts data.
Historical Context
GDP figures are closely monitored by Comorian policymakers and international institutions to assess the country's economic performance and guide policy decisions.
Key Facts
- Comoros is a small island nation in the Indian Ocean.
- GDP growth in Comoros averaged 2.3% from 2010 to 2020.
- The services sector accounts for the largest share of Comoros' GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Comoros measures the total value of all goods and services produced within the country during a specific time period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a key macroeconomic indicator that provides insights into the overall health and growth of the Comorian economy, making it relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The GDP for Comoros is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: GDP figures are closely monitored by Comorian policymakers and international institutions to assess the country's economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The GDP data for Comoros may have update delays and potential limitations due to the small size and economic structure of the country.
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General Government Revenue for Comoros
COMGGRG01GDPPT
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Citation
U.S. Federal Reserve, Gross Domestic Product for Comoros (MKTGDPKMA646NWDB), retrieved from FRED.