Expenditure-side Real GDP at Chained Purchasing Power Parities for Djibouti
RGDPESDJA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,934.77
Year-over-Year Change
178.68%
Date Range
1/1/1970 - 1/1/2019
Summary
The Expenditure-side Real GDP at Chained Purchasing Power Parities for Djibouti measures the total inflation-adjusted economic output of Djibouti based on expenditure-side components. This metric is crucial for economists and policymakers to assess Djibouti's economic growth and development.
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 series represents Djibouti's real gross domestic product (GDP) calculated using expenditure-side components and adjusting for purchasing power parity. It provides a standardized measure of Djibouti's economic size and output that allows for cross-country comparisons.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using internationally standardized national accounts methodology.
Historical Context
This GDP metric is widely used by economists, investors, and policymakers to evaluate Djibouti's macroeconomic performance and guide economic and policy decisions.
Key Facts
- Djibouti's GDP reached $3.4 billion in 2021.
- GDP per capita in Djibouti was $3,368 in 2021.
- Djibouti's economy grew by 5.6% in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total inflation-adjusted economic output of Djibouti based on expenditure-side components like consumption, investment, government spending, and net exports.
Q: Why is this trend relevant for users or analysts?
A: This GDP measure is crucial for evaluating Djibouti's economic growth, size, and development, and allows for comparisons to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using internationally standardized national accounts methodology.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this GDP metric to assess Djibouti's macroeconomic performance and guide economic and policy decisions.
Q: Are there update delays or limitations?
A: There may be delays of several months in the release of the latest GDP data for Djibouti.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Djibouti (RGDPESDJA666NRUG), retrieved from FRED.