Expenditure-side Real GDP at Chained Purchasing Power Parities for Russian Federation
RGDPESRUA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,197,222.50
Year-over-Year Change
41.87%
Date Range
1/1/1990 - 1/1/2019
Summary
The Expenditure-side Real GDP at Chained Purchasing Power Parities for Russian Federation measures the inflation-adjusted economic output of Russia based on purchasing power parity. This key indicator provides insights into the overall health and growth of the Russian 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
This metric represents the total inflation-adjusted value of goods and services produced within Russia, adjusted for differences in purchasing power across countries. It is a comprehensive measure of economic activity and a crucial input for cross-country comparisons and policy analysis.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this trend to assess Russia's economic performance and competitiveness relative to other major economies.
Key Facts
- Russia is one of the world's largest economies.
- GDP growth is a key indicator of economic health.
- Purchasing power parity adjusts for cost-of-living differences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in Russia, adjusted for inflation and differences in purchasing power compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive view of Russia's economic output and is crucial for cross-country comparisons and policy analysis.
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: Policymakers and analysts use this trend to assess Russia's economic performance and competitiveness relative to other major economies.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and updates can have a delay compared to other economic indicators.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Russian Federation (RGDPESRUA666NRUG), retrieved from FRED.