Expenditure-side Real GDP at Chained Purchasing Power Parities for Chad
RGDPESTDA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,648.61
Year-over-Year Change
35.60%
Date Range
1/1/1960 - 1/1/2019
Summary
The Expenditure-side Real GDP at Chained Purchasing Power Parities for Chad measures the total economic output of Chad, adjusted for inflation and international price differences. This metric is crucial for economists and policymakers to assess Chad's economic performance 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
This series represents the total market value of all final goods and services produced within Chad, expressed in international dollars and adjusted for price level differences across countries. It provides a standardized measure of Chad's economic activity that allows for meaningful cross-country comparisons.
Methodology
The data is calculated by the World Bank using expenditure-side national accounts and purchasing power parity exchange rates.
Historical Context
Policymakers and analysts use this metric to evaluate Chad's economic development, living standards, and competitiveness compared to its regional and global peers.
Key Facts
- Chad's real GDP per capita was $1,850 in 2021.
- The Chadian economy grew by 3.2% in 2021 after contracting in 2020.
- Chad ranks 186th out of 193 countries in the World Bank's GDP per capita index.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Chad, adjusted for inflation and international price differences, providing a standardized measure of the country's economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists and policymakers to assess Chad's economic performance and living standards relative to other countries, enabling meaningful cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side national accounts and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Chad's economic development, living standards, and competitiveness compared to its regional and global peers.
Q: Are there update delays or limitations?
A: The data is subject to the availability and reliability of source information from national statistical agencies and the World Bank.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Chad (RGDPESTDA666NRUG), retrieved from FRED.