Expenditure-side Real GDP at Chained Purchasing Power Parities for Sudan
RGDPESSDA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170,039.95
Year-over-Year Change
63.20%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Sudan from the expenditure side, adjusted for purchasing power parity. It provides insight into the overall size and growth of Sudan'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 purchasing power parities (PPPs) is a key macroeconomic indicator that captures the total value of goods and services produced in Sudan, adjusted for differences in price levels between countries. It enables meaningful cross-country comparisons of economic output.
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 Sudan's economic performance and living standards relative to other countries.
Key Facts
- Sudan's real GDP was $194 billion in 2021.
- GDP per capita in Sudan was $4,500 in 2021.
- Sudan's economy grew by 0.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services produced in Sudan, adjusted for differences in price levels between countries using purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: This metric enables meaningful cross-country comparisons of economic output and living standards, which is crucial for policymakers and economists analyzing Sudan's economic performance.
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 Sudan's economic performance and living standards relative to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and updates, and the accuracy of the purchasing power parity adjustments may be limited by data availability.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Sudan (RGDPESSDA666NRUG), retrieved from FRED.