Expenditure-side Real GDP at Chained Purchasing Power Parities for Mali
RGDPESMLA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,398.62
Year-over-Year Change
120.73%
Date Range
1/1/1960 - 1/1/2019
Summary
This metric measures the real gross domestic product (GDP) of Mali from the expenditure side, adjusted for purchasing power parity. It provides a standardized estimate of Mali's economic output that allows for cross-country 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
The expenditure-side real GDP at chained purchasing power parities (PPPs) is a key indicator of a country's economic performance. It captures the total value of all final goods and services produced within Mali's borders, with adjustments made to account for differences in price levels across countries.
Methodology
The data is calculated by the World Bank using national accounts information and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess Mali's economic development and living standards relative to other nations.
Key Facts
- Mali's real GDP per capita was $2,302 in 2021.
- The expenditure-side real GDP grew by 4.0% in 2021.
- Mali's economy is heavily reliant on agriculture and mining.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of all final goods and services produced within Mali's borders, adjusted for differences in price levels across countries using purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized estimate of Mali's economic output that allows for cross-country comparisons, which is crucial for assessing the country's economic development and living standards relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate Mali's economic performance and inform policy decisions related to economic development, trade, and living standards.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Mali (RGDPESMLA666NRUG), retrieved from FRED.