Expenditure-side Real GDP at Chained Purchasing Power Parities for Montenegro
RGDPESMEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,907.79
Year-over-Year Change
56.03%
Date Range
1/1/1990 - 1/1/2019
Summary
This metric measures the real gross domestic product (GDP) of Montenegro from the expenditure side, adjusted for purchasing power parity. It provides a standardized measure of economic output for international comparisons.
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 national accounts statistic that adjusts a country's GDP for differences in price levels across countries. This allows for more accurate comparisons of economic activity and living standards between nations.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using expenditure-side national accounts and international price data.
Historical Context
Policymakers and economists use this metric to evaluate Montenegro's economic performance and competitiveness relative to other countries.
Key Facts
- Montenegro's real GDP in 2021 was $9,207 million.
- Its real GDP per capita was $14,590 in 2021.
- The country's economy grew by 7.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) of Montenegro, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This data allows for more accurate comparisons of economic activity and living standards between Montenegro and other nations.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric using expenditure-side national accounts and international price data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Montenegro's economic performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations in international price comparisons.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Montenegro (RGDPESMEA666NRUG), retrieved from FRED.