Expenditure-side Real GDP at Chained Purchasing Power Parities for Morocco
RGDPESMAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
281,738.13
Year-over-Year Change
72.06%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Morocco, adjusted for purchasing power parity. It is a key indicator of the country'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
The expenditure-side real GDP at chained purchasing power parities (PPPs) for Morocco represents the total value of all goods and services produced within the country, adjusted for differences in price levels between Morocco and a base country or region. This allows for more accurate cross-country comparisons of economic output.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
Policymakers and analysts use this metric to assess Morocco's economic performance and living standards relative to other nations.
Key Facts
- Morocco's real GDP at PPP was $275 billion in 2021.
- Morocco's GDP per capita at PPP was $7,337 in 2021.
- The Moroccan economy grew by 7.2% in 2021 after a 6.3% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within Morocco, adjusted for differences in purchasing power between Morocco and a base country or region.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic output and living standards, which is crucial for policymakers and analysts assessing Morocco's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Morocco's economic growth, development, and living standards relative to other nations.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can have a delay of several months before being published.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Morocco (RGDPESMAA666NRUG), retrieved from FRED.