Expenditure-side Real GDP at Chained Purchasing Power Parities for Singapore
RGDPESSGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
514,376.31
Year-over-Year Change
55.67%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Singapore from the expenditure side, adjusted for purchasing power parity (PPP). It provides a comprehensive assessment of Singapore's economic output and living standards relative to other countries.
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 PPPs for Singapore is a key metric for evaluating the nation's economic performance and international competitiveness. It accounts for differences in price levels between countries, offering a more accurate comparison of living standards and productivity.
Methodology
The data is calculated by the World Bank using underlying national accounts data and PPP exchange rates.
Historical Context
This trend is widely used by policymakers, analysts, and international organizations to benchmark Singapore's economic development and living standards against global peers.
Key Facts
- Singapore's expenditure-side real GDP at chained PPPs was $610.3 billion in 2021.
- This metric has grown at an average annual rate of 4.4% over the past decade.
- Singapore ranks among the world's highest in terms of real GDP per capita adjusted for PPP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Singapore, adjusting for differences in purchasing power parity (PPP) between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic output between Singapore and other countries, making it a valuable tool for policymakers and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using underlying national accounts data and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This expenditure-side real GDP at chained PPPs for Singapore is widely used by policymakers, analysts, and international organizations to benchmark the country's economic development and living standards against global peers.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as underlying national accounts data is updated.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Singapore (RGDPESSGA666NRUG), retrieved from FRED.