Expenditure-side Real GDP at Chained Purchasing Power Parities for Dominican Republic
RGDPESDOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
190,792.66
Year-over-Year Change
82.69%
Date Range
1/1/1951 - 1/1/2019
Summary
This measure represents the real gross domestic product (GDP) of the Dominican Republic, adjusted for differences in purchasing power across countries. It provides a standardized basis for comparing economic output across nations.
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 (PPPs) is a key indicator of the overall size and growth of the Dominican Republic's economy. It accounts for price level differences to enable cross-country comparisons of real economic activity.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric informs analysis of the Dominican Republic's economic performance and international competitiveness.
Key Facts
- Measures the Dominican Republic's real GDP in inflation-adjusted terms.
- Allows for cross-country comparisons of economic output and living standards.
- Adjusted for differences in prices and cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) of the Dominican Republic, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a standardized basis for comparing the size and growth of the Dominican Republic's economy relative to other nations, which is useful for economic analysis and policymaking.
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: This metric informs analysis of the Dominican Republic's economic performance and international competitiveness, which is relevant for policymakers and market participants.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or revisions, as with any economic statistic, but the World Bank provides timely updates of this series.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Dominican Republic (RGDPESDOA666NRUG), retrieved from FRED.