Expenditure-side Real GDP at Chained Purchasing Power Parities for Fiji
RGDPESFJA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,235.46
Year-over-Year Change
109.50%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures real GDP for Fiji, adjusted for differences in purchasing power across countries. It provides insights into the economic growth and development of Fiji's economy.
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 Fiji is an important macroeconomic indicator that allows for cross-country comparisons of economic output and living standards. It is used by economists and policymakers to analyze Fiji's economic performance and to benchmark it against other countries.
Methodology
The data is calculated by the World Bank using expenditure-side national accounts and purchasing power parity exchange rates.
Historical Context
This trend is relevant for understanding Fiji's economic position and informing policy decisions.
Key Facts
- Fiji is a small island country in the South Pacific.
- GDP per capita in Fiji was $6,132 in 2020.
- Fiji's economy is heavily dependent on tourism and agriculture.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real GDP of Fiji, adjusted for differences in purchasing power across countries. It provides a more accurate comparison of economic output and living standards than nominal GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Fiji's economic performance and comparing it to other countries. It helps inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side national accounts and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze Fiji's economic growth, development, and competitiveness relative to other countries. It informs decisions about trade, investment, and economic policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a delay of approximately one year. There may be limitations in data quality or coverage for some countries.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Fiji (RGDPESFJA666NRUG), retrieved from FRED.