Expenditure-side Real GDP at Chained Purchasing Power Parities for Ethiopia
RGDPESETA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
286,037.66
Year-over-Year Change
337.91%
Date Range
1/1/1950 - 1/1/2019
Summary
The Expenditure-side Real GDP at Chained Purchasing Power Parities for Ethiopia measures the total inflation-adjusted economic output of Ethiopia based on international price comparisons. This metric is important for evaluating Ethiopia'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 the total real gross domestic product of Ethiopia, adjusted for differences in purchasing power across countries. It is a key indicator used by economists and policymakers to analyze the size and performance of the Ethiopian economy in a global context.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and purchasing power parity exchange rates.
Historical Context
Trends in this metric help inform decisions around economic policy, trade, and investment in Ethiopia.
Key Facts
- Ethiopia's real GDP was $103 billion in 2021.
- The economy grew by 6.1% in 2021 after contracting in 2020.
- Agriculture accounts for over 30% of Ethiopia's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total real gross domestic product of Ethiopia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: Trends in this metric help provide insight into the size and performance of the Ethiopian economy in a global context, informing economic policy, trade, and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-based national accounts and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze Ethiopia's economic growth and development, and to inform decisions around economic policy, trade, and investment.
Q: Are there update delays or limitations?
A: There may be delays in data availability, as the World Bank releases updates on an annual basis.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Ethiopia (RGDPESETA666NRUG), retrieved from FRED.