Expenditure-side Real GDP at Chained Purchasing Power Parities for Cote d'Ivoire
RGDPESCIA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131,363.73
Year-over-Year Change
195.30%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures real GDP in Côte d'Ivoire from the expenditure side, adjusted for purchasing power parity. It is a key indicator of the country's economic growth 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
The expenditure-side real GDP at chained purchasing power parities for Côte d'Ivoire represents the total value of all goods and services produced within the country, adjusted for differences in price levels compared to the United States. This metric provides a more accurate assessment of economic activity and living standards than nominal GDP.
Methodology
The data is collected and calculated by the World Bank using household consumption, government consumption, gross capital formation, and net exports.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze Côte d'Ivoire's economic performance and development.
Key Facts
- Côte d'Ivoire's 2021 expenditure-side real GDP was $58.8 billion.
- GDP per capita in Côte d'Ivoire was $2,174 in 2021.
- The economy grew by 6.5% in 2021 after a 1.8% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within Côte d'Ivoire, adjusted for differences in price levels compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate assessment of Côte d'Ivoire's economic activity and living standards than nominal GDP, making it crucial for economists and policymakers analyzing the country's economic performance and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household consumption, government consumption, gross capital formation, and net exports.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to analyze Côte d'Ivoire's economic growth, living standards, and development.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates by the World Bank, and there may be a time lag in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Cote d'Ivoire (RGDPESCIA666NRUG), retrieved from FRED.