Expenditure-side Real GDP at Chained Purchasing Power Parities for Greece
RGDPESGRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
302,222.28
Year-over-Year Change
-20.46%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic indicator measures the inflation-adjusted, purchasing power-adjusted gross domestic product (GDP) of Greece, providing insight into the real economic activity and living standards in the country.
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 (RGDPESGRA666NRUG) tracks the total value of all goods and services produced in Greece, adjusted for both inflation and differences in international price levels. This allows for more accurate comparisons of economic output and living standards across countries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using expenditure-side national accounts and purchasing power parity (PPP) exchange rates.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze Greece's economic performance and competitiveness.
Key Facts
- Greece's real GDP per capita was $27,700 in 2021.
- Greece's economy contracted by 8.2% in 2020 due to the COVID-19 pandemic.
- Greece's real GDP growth averaged 1.4% per year from 2015 to 2019.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the inflation-adjusted, purchasing power-adjusted gross domestic product (GDP) of Greece, providing insight into the real economic activity and living standards in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of economic output and living standards across countries, making it widely used by economists, policymakers, and international institutions to analyze Greece's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using expenditure-side national accounts and purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international institutions to analyze Greece's economic performance and competitiveness, informing policy decisions and economic analysis.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Greece (RGDPESGRA666NRUG), retrieved from FRED.