Expenditure-side Real GDP at Chained Purchasing Power Parities for Barbados
RGDPESBBA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,848.39
Year-over-Year Change
-26.69%
Date Range
1/1/1960 - 1/1/2019
Summary
This series measures the expenditure-side real GDP of Barbados, adjusted for purchasing power parity. It provides a comparable measure of economic output for international comparisons.
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 represents the total final expenditures on goods and services produced within Barbados, adjusted for differences in price levels between countries. This allows for more accurate cross-country economic analysis.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and economists use this measure to assess Barbados' economic performance relative to other countries.
Key Facts
- Barbados' GDP was $5.15 billion in 2021.
- GDP per capita in Barbados was $17,957 in 2021.
- The economy of Barbados is service-oriented, with tourism as a major industry.
FAQs
Q: What does this economic trend measure?
A: This series measures the total final expenditures on goods and services produced within Barbados, adjusted for differences in price levels between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic output and performance.
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 and economists use this measure to assess Barbados' economic performance relative to other countries.
Q: Are there update delays or limitations?
A: The data may have update delays due to the time required to collect and process the underlying national accounts and price information.
Related Trends
Output-side Real GDP at chained Purchasing Power Parities for Hungary
RGDPOSHUA666NRUG
Output-side Real GDP at chained Purchasing Power Parities for Switzerland
RGDPOSCHA666NRUG
Index of Human Capital per Person for Poland
HCIYISPLA066NRUG
Average Annual Hours Worked by Persons Engaged for Austria
AVHWPEATA065NRUG
Population for Mauritius
POPTTLMUA148NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Sierra Leone
RGDPESSLA666NRUG
Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Barbados (RGDPESBBA666NRUG), retrieved from FRED.