Real GDP at Constant National Prices for Congo
RGDPNACGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,356.20
Year-over-Year Change
18.81%
Date Range
1/1/1960 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Congo measures the total economic output of the country, adjusted for inflation. This key indicator is widely used by economists and policymakers to assess the health and growth of the Congolese 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 is a comprehensive measure of a country's economic activity, including consumption, investment, government spending, and net exports. It provides a standardized, inflation-adjusted view of economic performance that allows for meaningful comparisons over time.
Methodology
This series is calculated by the World Bank using national accounts data.
Historical Context
Trends in real GDP are closely monitored by institutions and investors to understand a country's economic trajectory and inform policy decisions.
Key Facts
- Congo's real GDP has grown by an average of 3.2% annually over the past decade.
- The service sector accounts for over 50% of Congo's real GDP.
- Real GDP per capita in Congo is around $500, one of the lowest in the world.
FAQs
Q: What does this economic trend measure?
A: The Real GDP at Constant National Prices for Congo measures the total economic output of the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This key indicator is widely used by economists and policymakers to assess the health and growth of the Congolese economy.
Q: How is this data collected or calculated?
A: This series is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: Trends in real GDP are closely monitored by institutions and investors to understand a country's economic trajectory and inform policy decisions.
Q: Are there update delays or limitations?
A: The World Bank publishes this data on a regular basis, but there may be some delays in reporting due to the challenges of data collection in Congo.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Congo (RGDPNACGA666NRUG), retrieved from FRED.