Expenditure-side Real GDP at Chained Purchasing Power Parities for Liberia
RGDPESLRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,062.13
Year-over-Year Change
121.99%
Date Range
1/1/1964 - 1/1/2019
Summary
This economic trend measures real gross domestic product (GDP) in Liberia, adjusted for differences in purchasing power across countries. It provides a more accurate picture of Liberia's economic output compared to other nations.
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 (PPPs) is a key indicator of a country's economic size and growth. It accounts for price level differences between countries, enabling cross-country comparisons of real economic activity.
Methodology
The data is calculated by the World Bank using expenditure-side national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess Liberia's economic performance and living standards relative to other countries.
Key Facts
- Liberia's GDP per capita was $767 in 2021.
- Real GDP growth in Liberia was 4.0% in 2021.
- Liberia is classified as a low-income country by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Liberia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric enables more accurate comparisons of economic activity and living standards between Liberia and other nations, which is crucial for policymakers and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess Liberia's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data may have update delays due to the time required for data collection and processing by the World Bank.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Liberia (RGDPESLRA666NRUG), retrieved from FRED.