Expenditure-side Real GDP at Chained Purchasing Power Parities for United Republic of Tanzania
RGDPESTZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131,421.70
Year-over-Year Change
96.49%
Date Range
1/1/1960 - 1/1/2019
Summary
The Expenditure-side Real GDP at Chained Purchasing Power Parities for United Republic of Tanzania measures the total economic output of Tanzania adjusted for inflation and international price differences. This key indicator provides insight into the nation's economic growth and development.
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 metric represents the total value of all goods and services produced within Tanzania, calculated using purchasing power parity exchange rates to account for price level differences across countries. It is a widely used statistic for cross-country comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts information and price survey data.
Historical Context
Policymakers and international organizations utilize this real GDP metric to assess Tanzania's economic performance and make informed decisions.
Key Facts
- Tanzania's real GDP per capita was $3,462 in 2021.
- The Tanzanian economy grew by 4.9% in 2021 after the COVID-19 pandemic.
- Agriculture accounts for over a quarter of Tanzania's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Tanzania, adjusted for inflation and differences in international price levels using purchasing power parity exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This real GDP indicator provides valuable insights into Tanzania's economic growth, development, and relative living standards compared to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information and price survey data.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations utilize this real GDP metric to assess Tanzania's economic performance and make informed decisions.
Q: Are there update delays or limitations?
A: There may be some time lags in data availability due to the collection and calculation process.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for United Republic of Tanzania (RGDPESTZA666NRUG), retrieved from FRED.