Expenditure-side Real GDP at Chained Purchasing Power Parities for Saint Lucia
RGDPESLCA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,766.35
Year-over-Year Change
37.91%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Saint Lucia from the expenditure side, adjusted for purchasing power parity (PPP). It provides insights into the overall size and growth of the Saint Lucian 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 Saint Lucia is a comprehensive measure of the total economic output of the country. It accounts for differences in the cost of living and purchasing power across countries, enabling cross-country comparisons of economic activity.
Methodology
The data is collected and calculated by the World Bank using national accounts information and PPP exchange rates.
Historical Context
This metric is widely used by policymakers, economists, and investors to assess the economic performance and development of Saint Lucia.
Key Facts
- Saint Lucia's real GDP at chained PPPs was $2.4 billion in 2021.
- The economy grew by 12.7% in 2021, rebounding from a 7% contraction in 2020.
- Tourism is a key driver of Saint Lucia's economy, accounting for over 65% of GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Saint Lucia, adjusted for differences in purchasing power across countries using chained purchasing power parities (PPPs).
Q: Why is this trend relevant for users or analysts?
A: This metric enables cross-country comparisons of economic activity and provides insights into the overall size and growth of the Saint Lucian economy, which is important for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information and PPP exchange rates.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, economists, and investors to assess the economic performance and development of Saint Lucia and make informed decisions about the country's economic policies and investment opportunities.
Q: Are there update delays or limitations?
A: The data is typically updated by the World Bank on an annual basis, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Saint Lucia (RGDPESLCA666NRUG), retrieved from FRED.