Expenditure-side Real GDP at Chained Purchasing Power Parities for Gambia
RGDPESGMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,114.54
Year-over-Year Change
12.67%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the expenditure-side real gross domestic product (GDP) of Gambia, adjusted for purchasing power parity. It provides insights into the country's overall economic activity and productivity.
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 purchasing power parities is a key indicator of a country's economic performance. It reflects the total value of goods and services produced, factoring in price differences across countries to enable cross-national comparisons.
Methodology
The data is collected and calculated by the World Bank using internationally standardized national accounts methodology.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess Gambia's economic growth and competitiveness.
Key Facts
- Gambia's GDP was $3.9 billion in 2021.
- Real GDP growth was 4.5% in 2021.
- Services account for over 60% of Gambia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in Gambia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized basis for comparing Gambia's economic performance and productivity to other countries, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using internationally standardized national accounts methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Gambia's economic growth, competitiveness, and development, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the underlying national accounts data is subject to periodic revisions by statistical agencies.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Gambia (RGDPESGMA666NRUG), retrieved from FRED.