Expenditure-side Real GDP at Chained Purchasing Power Parities for China
RGDPESCNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,056,066.00
Year-over-Year Change
84.78%
Date Range
1/1/1952 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of China based on expenditure-side calculations and adjusted for purchasing power parity. It provides a comprehensive view of China's economic output and is a key indicator for analysts and policymakers.
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 China represents the total market value of all final goods and services produced within China, adjusted for differences in purchasing power across countries. This metric allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the Penn World Table based on official statistics and purchasing power parity estimates.
Historical Context
This trend is widely used by economists, investors, and policymakers to assess China's economic performance and make informed decisions.
Key Facts
- China is the world's second-largest economy by GDP.
- Real GDP growth in China averaged 9.5% per year from 1978 to 2021.
- China's GDP per capita, adjusted for purchasing power, was $17,700 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of China based on expenditure-side calculations and adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive and internationally comparable view of China's economic output, which is crucial for analysts and policymakers assessing the country's economic performance and living standards.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Penn World Table based on official statistics and purchasing power parity estimates.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, investors, and policymakers to assess China's economic performance and make informed decisions about trade, investment, and economic policy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical values as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for China (RGDPESCNA666NRUG), retrieved from FRED.