Expenditure-side Real GDP at Chained Purchasing Power Parities for Trinidad and Tobago
RGDPESTTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,336.66
Year-over-Year Change
-2.52%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the expenditure-side real gross domestic product (GDP) of Trinidad and Tobago, adjusted for purchasing power parity (PPP). It provides a comprehensive gauge of the country's economic output and living standards relative 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
The expenditure-side real GDP at chained PPPs represents the total final expenditures within Trinidad and Tobago, including consumption, investment, government spending, and net exports, adjusted for inflation and international price differences. It is a key indicator used by economists and policymakers to assess the nation's economic performance and living standards.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts information and PPP exchange rates.
Historical Context
This metric is closely watched by analysts and policymakers to understand Trinidad and Tobago's economic conditions and competitiveness in global markets.
Key Facts
- Trinidad and Tobago's 2021 real GDP at PPP was $50.6 billion.
- The country's real GDP per capita at PPP was $36,400 in 2021.
- Trinidad and Tobago's economy is heavily dependent on oil and gas exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total final expenditures within Trinidad and Tobago, including consumption, investment, government spending, and net exports, adjusted for inflation and purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator used by economists and policymakers to assess Trinidad and Tobago's economic performance and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts information and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This metric is closely watched by analysts and policymakers to understand Trinidad and Tobago's economic conditions and competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not fully capture the nuances of Trinidad and Tobago's economy.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Trinidad and Tobago (RGDPESTTA666NRUG), retrieved from FRED.