Expenditure-side Real GDP at Chained Purchasing Power Parities for the former Yugoslav Republic of Macedonia
RGDPESMKA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,646.66
Year-over-Year Change
57.87%
Date Range
1/1/1990 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of the former Yugoslav Republic of Macedonia, adjusted for purchasing power parity. It provides a comprehensive gauge of the country's economic activity and living standards relative 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
The Expenditure-side Real GDP at Chained Purchasing Power Parities for the former Yugoslav Republic of Macedonia tracks the total value of all goods and services produced within the country, corrected for differences in price levels across countries. This metric enables cross-country comparisons of economic output and living standards.
Methodology
The data is calculated using the expenditure approach to GDP and purchasing power parity exchange rates.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze the relative economic performance and development of the former Yugoslav Republic of Macedonia.
Key Facts
- The former Yugoslav Republic of Macedonia is a landlocked country in southeastern Europe.
- Its GDP per capita in purchasing power parity terms was $14,302 in 2021.
- The economy is dominated by services, followed by industry and agriculture.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the former Yugoslav Republic of Macedonia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric enables cross-country comparisons of economic output and living standards, which is crucial for economists and policymakers analyzing the relative performance and development of the Macedonian economy.
Q: How is this data collected or calculated?
A: The data is calculated using the expenditure approach to GDP and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to analyze the economic performance and development of the former Yugoslav Republic of Macedonia relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the U.S. Federal Reserve's FRED database.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for the former Yugoslav Republic of Macedonia (RGDPESMKA666NRUG), retrieved from FRED.