Expenditure-side Real GDP at Chained Purchasing Power Parities for Gabon
RGDPESGAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,368.84
Year-over-Year Change
38.17%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real (inflation-adjusted) gross domestic product (GDP) of Gabon, calculated using purchasing power parity (PPP) exchange rates. It provides a standardized measure of Gabon's economic output that allows for international comparisons.
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
Expenditure-side real GDP at chained PPPs represents the total final expenditures (consumption, investment, government spending, and net exports) within Gabon, adjusted for price changes over time. This metric is crucial for assessing Gabon's economic growth, productivity, and living standards relative to other countries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts information and PPP exchange rates.
Historical Context
This GDP metric is widely used by economists, policymakers, and international institutions to analyze Gabon's macroeconomic performance and competitiveness.
Key Facts
- Gabon's real GDP at PPP was $35.3 billion in 2021.
- Gabon's real GDP per capita at PPP was $16,071 in 2021.
- Gabon's real GDP growth rate was 1.5% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) of Gabon, calculated using purchasing power parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Gabon's economic growth, productivity, and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts information and PPP exchange rates.
Q: How is this trend used in economic policy?
A: This GDP metric is widely used by economists, policymakers, and international institutions to analyze Gabon's macroeconomic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts information from Gabon.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Gabon (RGDPESGAA666NRUG), retrieved from FRED.