Expenditure-side Real GDP at Chained Purchasing Power Parities for Guinea
RGDPESGNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,383.01
Year-over-Year Change
72.91%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Guinea from an expenditure-side perspective, adjusted for purchasing power parity (PPP). It provides insights into the overall size and growth of Guinea'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 PPPs for Guinea is a comprehensive measure of the country's economic output. It accounts for differences in prices and purchasing power across countries, enabling cross-country comparisons of economic activity.
Methodology
The data is collected and calculated by the World Bank using nationally representative household surveys and other sources.
Historical Context
This trend is widely used by economists, policymakers, and investors to analyze Guinea's economic performance and make informed decisions.
Key Facts
- Guinea's real GDP at chained PPPs was $33.78 billion in 2021.
- The trend has grown at an average annual rate of 3.7% over the past decade.
- Guinea's economy is heavily dependent on agriculture and mining sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Guinea, adjusted for differences in purchasing power across countries. It provides a comprehensive view of the size and growth of Guinea's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding Guinea's economic performance and comparing it to other countries. It helps analysts, policymakers, and investors make informed decisions about investment, trade, and economic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using nationally representative household surveys and other sources.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and institutions to analyze Guinea's economic growth, assess its competitiveness, and inform policy decisions related to trade, investment, and development.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of 1-2 years. The trend may be subject to revisions and limitations due to data availability and methodological changes.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Guinea (RGDPESGNA666NRUG), retrieved from FRED.