Expenditure-side Real GDP at Chained Purchasing Power Parities for Paraguay
RGDPESPYA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85,487.36
Year-over-Year Change
87.54%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Paraguay from the expenditure side, adjusted for purchasing power parity. It provides insights into the overall size and growth of Paraguay'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
The expenditure-side real GDP at chained purchasing power parities (PPPs) for Paraguay is a key metric used to assess the country's economic performance. It captures the total value of all goods and services produced within Paraguay, adjusted for differences in price levels between Paraguay and a reference country or region.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to compare the economic output of Paraguay with other countries.
Key Facts
- Paraguay's 2021 expenditure-side real GDP was $51.75 billion.
- This metric grew by 4% in 2021 compared to the previous year.
- Paraguay's economy is the 4th largest in South America by this measure.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Paraguay from the expenditure side, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall size and growth of Paraguay's economy, allowing for comparisons with other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Paraguay's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Paraguay (RGDPESPYA666NRUG), retrieved from FRED.