Real GDP at Constant National Prices for Burkina Faso
RGDPNABFA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,563.88
Year-over-Year Change
95.24%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Burkina Faso at constant national prices. It is a key indicator of the overall health and growth of the Burkinabe economy.
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
Real GDP at constant national prices tracks the total value of all goods and services produced within Burkina Faso, adjusted for inflation. It is a widely used metric for assessing a country's economic performance and living standards over time.
Methodology
The data is calculated by the World Bank based on national accounts information.
Historical Context
Policymakers and analysts use this metric to inform economic and fiscal policy decisions.
Key Facts
- Burkina Faso is a landlocked country in West Africa.
- Agriculture accounts for over 30% of Burkina Faso's GDP.
- Real GDP growth in Burkina Faso averaged 5.7% from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within Burkina Faso, adjusted for inflation. It is a key indicator of the country's overall economic performance.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a widely used metric for assessing a country's economic growth and living standards over time. It helps policymakers and analysts understand the health of the Burkinabe economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform economic and fiscal policy decisions in Burkina Faso.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the information is collected and compiled by the World Bank.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Burkina Faso (RGDPNABFA666NRUG), retrieved from FRED.