Expenditure-side Real GDP at Chained Purchasing Power Parities for Macao
RGDPESMOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67,463.13
Year-over-Year Change
104.17%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures real GDP in Macao, a special administrative region of China, using purchasing power parity (PPP) exchange rates. It provides a standardized measure of economic output that allows 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
The expenditure-side real GDP at chained PPPs for Macao represents the total value of all goods and services produced within the Macao economy, adjusted for price changes and converted to a common international currency using PPP exchange rates. This metric is widely used by economists and policymakers to assess Macao's economic performance relative to other countries.
Methodology
The data is collected and calculated by the World Bank using national accounts information and PPP conversion factors.
Historical Context
This trend is relevant for understanding Macao's economic development and competitiveness within the global marketplace.
Key Facts
- Macao is a special administrative region of China.
- Macao's economy is heavily dependent on tourism and gambling.
- PPP adjustments account for differences in the cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within the Macao economy, adjusted for price changes and converted to a common international currency using purchasing power parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized measure of Macao's economic output that allows for meaningful international comparisons, which is valuable for economists and policymakers assessing Macao's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Macao's economic development and competitiveness within the global marketplace, which can inform policy decisions related to trade, investment, and economic diversification.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates based on the availability of new information from national statistical agencies.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Macao (RGDPESMOA666NRUG), retrieved from FRED.