Expenditure-side Real GDP at Chained Purchasing Power Parities for Panama
RGDPESPAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125,636.60
Year-over-Year Change
184.78%
Date Range
1/1/1950 - 1/1/2019
Summary
This metric measures the real gross domestic product (GDP) of Panama, adjusted for purchasing power parity. It provides insight into the overall size and growth of Panama's economy from the expenditure side.
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 Panama is a key economic indicator used to assess the size and performance of the Panamanian economy. It adjusts the nominal GDP figure to account for differences in price levels between Panama and a reference economy, providing a more accurate representation of economic activity.
Methodology
The data is collected and calculated by the World Bank using household consumption, government consumption, gross fixed capital formation, changes in inventories, and net exports.
Historical Context
This metric informs economic analysis, policy decisions, and comparisons of living standards across countries.
Key Facts
- Panama's real GDP at PPP was $92.3 billion in 2021.
- The Panamanian economy grew by 12% in 2021 after a 17.9% contraction in 2020.
- Panama has the highest GDP per capita in Central America.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) of Panama, adjusted for purchasing power parity. It provides insight into the overall size and growth of Panama's economy from the expenditure side.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the performance and living standards of the Panamanian economy compared to other countries. It informs economic analysis, policy decisions, and cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household consumption, government consumption, gross fixed capital formation, changes in inventories, and net exports.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and analysts to assess the size and growth of the Panamanian economy, inform policy decisions, and compare living standards across countries.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to previous estimates as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Panama (RGDPESPAA666NRUG), retrieved from FRED.