Expenditure-side Real GDP at Chained Purchasing Power Parities for India
RGDPESINA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,945,547.00
Year-over-Year Change
116.65%
Date Range
1/1/1950 - 1/1/2019
Summary
The Expenditure-side Real GDP at Chained Purchasing Power Parities for India measures the real economic output of India, adjusting for price differences across countries. It is a key indicator for analyzing India's economic growth and development.
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
This metric represents the inflation-adjusted value of all goods and services produced within India, based on purchasing power parity exchange rates. It allows for cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this series to assess India's macroeconomic performance and competitiveness.
Key Facts
- India is the world's fifth-largest economy by nominal GDP.
- GDP growth in India averaged 6.7% from 2014-2019.
- Services account for over 50% of India's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services produced in India, adjusted for price differences across countries using purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for meaningful cross-country comparisons of economic activity and living standards, making it a valuable tool for policymakers and economists analyzing India's macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess India's economic growth, competitiveness, and development relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for India (RGDPESINA666NRUG), retrieved from FRED.