Expenditure-side Real GDP at Chained Purchasing Power Parities for Niger
RGDPESNEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,399.27
Year-over-Year Change
82.74%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Niger from the expenditure side, adjusted for purchasing power parity (PPP). It provides insight into the overall size and growth of Niger's economy.
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 PPPs is a key measure of a country's economic activity and standard of living. It accounts for differences in price levels across countries to enable cross-country comparisons of real output.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze and compare the economic performance of different countries.
Key Facts
- Niger's real GDP at PPP was $25.6 billion in 2021.
- Real GDP growth in Niger averaged 5.2% per year from 2010-2020.
- Niger's real GDP per capita at PPP was $1,161 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services produced in Niger, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: It provides a standardized basis for comparing the size and growth of Niger's economy relative to other countries, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-based national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers, international organizations, and analysts use this data to assess Niger's economic performance, inform policy decisions, and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately two years, so the most recent year available may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Niger (RGDPESNEA666NRUG), retrieved from FRED.