Expenditure-side Real GDP at Chained Purchasing Power Parities for Tunisia
RGDPESTNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125,595.51
Year-over-Year Change
18.37%
Date Range
1/1/1960 - 1/1/2019
Summary
The Expenditure-side Real GDP at Chained Purchasing Power Parities for Tunisia measures the total economic output of Tunisia adjusted for inflation and exchange rate differences. This metric is crucial for analyzing the country's economic growth and comparing its performance to other nations.
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 Tunisia's real gross domestic product (GDP) based on the expenditure approach and adjusted for purchasing power parity (PPP). It provides a more accurate picture of the Tunisian economy's size and growth compared to using nominal exchange rates.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to evaluate Tunisia's economic development and competitiveness in global markets.
Key Facts
- Tunisia's 2021 real GDP at PPP was $156 billion.
- Tunisia's real GDP per capita at PPP was $13,337 in 2021.
- The Tunisian economy grew by 3.1% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Tunisia, adjusted for inflation and exchange rate differences to allow for international comparisons.
Q: Why is this trend relevant for users or analysts?
A: This data provides a more accurate picture of the size and growth of the Tunisian economy compared to using nominal exchange rates, which is crucial for evaluating the country's economic performance and competitiveness.
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 metric to assess Tunisia's economic development and compare its competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and price information from Tunisia.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Tunisia (RGDPESTNA666NRUG), retrieved from FRED.