Expenditure-side Real GDP at Chained Purchasing Power Parities for Burundi
RGDPESBIA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,664.99
Year-over-Year Change
67.80%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real (inflation-adjusted) Gross Domestic Product (GDP) of Burundi from the expenditure side, using chained purchasing power parities. It provides a comprehensive gauge of Burundi's economic output and living standards.
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
Expenditure-side real GDP at chained purchasing power parities is a key metric for evaluating a country's economic performance and comparing living standards across countries. It offers a more accurate picture of economic activity than market exchange rates by accounting for price differences between countries.
Methodology
The data is calculated by the World Bank using national accounts information and purchasing power parity exchange rates.
Historical Context
This trend is widely used by economists, policymakers, and investors to analyze Burundi's macroeconomic conditions and benchmark its economic development.
Key Facts
- Burundi's real GDP was $7.8 billion in 2021.
- GDP per capita in Burundi was $653 in 2021, one of the lowest in the world.
- Burundi's economy has struggled with political instability and high poverty rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) Gross Domestic Product (GDP) of Burundi, calculated from the expenditure side using chained purchasing power parities (PPPs).
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate picture of Burundi's economic activity and living standards compared to using market exchange rates. It is widely used by economists, policymakers, and investors to analyze Burundi's macroeconomic conditions and benchmark its economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate Burundi's economic performance, assess living standards, and inform policy decisions related to macroeconomic management, poverty reduction, and development strategies.
Q: Are there update delays or limitations?
A: There may be delays in data availability due to the time required for data collection and processing by the World Bank. Additionally, the accuracy of this metric may be affected by the challenges in measuring prices and economic activity in developing countries like Burundi.
Related Trends
Output-side Real GDP at chained Purchasing Power Parities for Macao
RGDPOSMOA666NRUG
Population for France
POPTTLFRA148NRUG
Number of Persons Engaged for the Democratic Republic of the Congo
EMPENGCDA148NRUG
Average Annual Hours Worked by Persons Engaged for Italy
AVHWPEITA065NRUG
Index of Human Capital per Person for Armenia
HCIYISAMA066NRUG
Output-side Real GDP at chained Purchasing Power Parities for United Kingdom
RGDPOSGBA666NRUG
Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Burundi (RGDPESBIA666NRUG), retrieved from FRED.