Expenditure-side Real GDP at Chained Purchasing Power Parities for New Zealand
RGDPESNZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
200,579.23
Year-over-Year Change
39.37%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of New Zealand from the expenditure side, adjusted for purchasing power parity. It provides a comprehensive assessment of the country's economic activity and production.
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) for New Zealand represents the total final expenditures within the country, including consumption, investment, government spending, and net exports, adjusted for inflation and international price differences.
Methodology
The data is calculated by the OECD using national accounts statistics and purchasing power parity estimates.
Historical Context
This trend is widely used by economists, policymakers, and analysts to evaluate New Zealand's economic performance and competitiveness in global markets.
Key Facts
- New Zealand's real GDP was $207 billion in 2021.
- GDP per capita in New Zealand was $42,957 in 2021.
- The economy grew by 5.6% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total final expenditures within New Zealand, including consumption, investment, government spending, and net exports, adjusted for inflation and purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a comprehensive assessment of New Zealand's economic activity and production, allowing analysts to evaluate the country's economic performance and competitiveness in global markets.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts statistics and purchasing power parity estimates.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and analysts to monitor New Zealand's economic growth, assess its international competitiveness, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as it relies on national accounts statistics and purchasing power parity estimates that may not be immediately available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for New Zealand (RGDPESNZA666NRUG), retrieved from FRED.