Real GDP at Constant National Prices for Chile
RGDPNACLA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
443,616.22
Year-over-Year Change
41.17%
Date Range
1/1/1951 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Chile' series measures the inflation-adjusted total economic output of Chile. It is a key indicator used by economists and policymakers to assess the overall health and growth of the Chilean 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
This metric represents the real, inflation-adjusted gross domestic product (GDP) of Chile, calculated using constant national prices. It provides a comprehensive measure of the total value of goods and services produced within the Chilean economy, adjusted for changes in price levels over time.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using established national accounting frameworks.
Historical Context
This economic indicator is widely referenced by analysts, investors, and policymakers to understand trends in Chilean economic performance and inform macroeconomic decisions.
Key Facts
- Chile's real GDP grew by 5.5% in 2021.
- The service sector accounts for over 60% of Chile's GDP.
- Mining and agriculture are other major contributors to Chile's economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the total real, inflation-adjusted economic output of Chile, providing a comprehensive gauge of the country's overall economic performance.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a critical indicator used by economists, policymakers, and market participants to assess the health and growth of the Chilean economy, informing economic and financial decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using established national accounting frameworks and methodologies.
Q: How is this trend used in economic policy?
A: Real GDP data is closely monitored by the Chilean government, central bank, and international institutions to gauge macroeconomic performance and guide fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric does not account for informal economic activity or regional variations within Chile.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Chile (RGDPNACLA666NRUG), retrieved from FRED.