Expenditure-side Real GDP at Chained Purchasing Power Parities for Albania
RGDPESALA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,890.02
Year-over-Year Change
55.83%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures Albania's real GDP based on purchasing power parity, providing insight into the country's economic growth and development.
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 expenditure-side real GDP at chained purchasing power parities for Albania represents the total value of all goods and services produced within the country, adjusted for inflation and differences in international purchasing power. This metric is used by economists to compare Albania's economic performance over time and against other nations.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using established national accounting practices.
Historical Context
This trend is widely referenced by policymakers, analysts, and international institutions to assess Albania's economic conditions and outlook.
Key Facts
- Albania's GDP reached $17.1 billion in 2021.
- The country's real GDP grew by 5.7% in 2021.
- Albania's GDP per capita (PPP) was $12,200 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures Albania's real gross domestic product (GDP) based on purchasing power parity, providing a comprehensive view of the country's economic output and growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Albania's economic performance and competitiveness, as it accounts for differences in international purchasing power and allows for more accurate comparisons to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using established national accounting practices and international guidelines.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and international institutions rely on this trend to evaluate Albania's economic conditions, monitor growth, and inform policy decisions related to trade, investment, and development.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available. Users should be aware of these potential delays and limitations when interpreting the data.
Related Trends
Number of Persons Engaged for Viet Nam
EMPENGVNA148NRUG
Population for Brazil
POPTTLBRA148NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Latvia
RGDPESLVA666NRUG
Index of Human Capital per Person for Uruguay
HCIYISUYA066NRUG
Population for Egypt
POPTTLEGA148NRUG
Average Annual Hours Worked by Persons Engaged for Malta
AVHWPEMTA065NRUG
Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Albania (RGDPESALA666NRUG), retrieved from FRED.