Expenditure-side Real GDP at Chained Purchasing Power Parities for Honduras
RGDPESHNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,615.93
Year-over-Year Change
70.69%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Honduras from the expenditure side, adjusted for purchasing power parity. It provides insights into the overall size and growth of the Honduran 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
Expenditure-side real GDP at chained purchasing power parities is a comprehensive metric used to assess the economic performance of Honduras. It accounts for both the volume and price levels of goods and services produced, enabling cross-country comparisons of living standards and productivity.
Methodology
The data is collected and calculated by the World Bank using national accounts information and purchasing power parity exchange rates.
Historical Context
This trend is widely referenced by economists, policymakers, and international organizations to evaluate Honduras' economic development and competitiveness.
Key Facts
- Honduras' 2021 expenditure-side real GDP was $28.8 billion.
- Real GDP growth in Honduras was 4.5% in 2021.
- Honduras' GDP per capita on a PPP basis was $5,850 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Honduras, adjusting for differences in purchasing power across countries. It provides a comprehensive view of the size and growth of the Honduran economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for evaluating Honduras' economic performance and competitiveness. It enables cross-country comparisons of living standards and productivity, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates this data using national accounts information and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations widely reference this trend to assess Honduras' economic development, formulate policies, and make informed decisions about trade, investment, and aid.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months. Additionally, purchasing power parity estimates may be subject to methodological changes and revisions over time.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Honduras (RGDPESHNA666NRUG), retrieved from FRED.