Expenditure-side Real GDP at Chained Purchasing Power Parities for Austria
RGDPESATA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
498,022.25
Year-over-Year Change
32.18%
Date Range
1/1/1950 - 1/1/2019
Summary
The Expenditure-side Real GDP at Chained Purchasing Power Parities for Austria measures the total inflation-adjusted economic output of Austria. This key indicator is used by economists and policymakers to assess the overall health and growth of the Austrian 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
This economic trend represents the total real (inflation-adjusted) gross domestic product (GDP) of Austria based on the expenditure approach, which captures all domestic and international spending on Austrian goods and services. The chained purchasing power parity adjustment ensures comparability across countries and time periods.
Methodology
The data is calculated by the U.S. Federal Reserve using expenditure data and price indexes from statistical agencies.
Historical Context
This GDP measure is widely referenced by analysts, central banks, and international institutions to monitor Austrian economic performance and make informed policy decisions.
Key Facts
- Austria's real GDP grew 4.5% in 2021.
- Services account for over 60% of Austria's GDP.
- Austria's GDP per capita is among the highest in Europe.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total real (inflation-adjusted) gross domestic product (GDP) of Austria based on the expenditure approach, which captures all domestic and international spending on Austrian goods and services.
Q: Why is this trend relevant for users or analysts?
A: This GDP measure is widely used by economists, policymakers, and analysts to assess the overall health and growth of the Austrian economy, informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using expenditure data and price indexes from Austrian and international statistical agencies.
Q: How is this trend used in economic policy?
A: This GDP measure is referenced by the Austrian government, central bank, and international institutions to monitor economic performance and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Austria (RGDPESATA666NRUG), retrieved from FRED.