Real GDP at Constant National Prices for Greece
RGDPNAGRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
289,493.22
Year-over-Year Change
-23.47%
Date Range
1/1/1951 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Greece' series measures the total economic output of Greece adjusted for inflation. It is a key indicator of a country'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 data series tracks Greece's real gross domestic product (GDP) over time, providing a measure of the country's overall economic activity and production. Real GDP adjusts the nominal GDP figure to account for changes in prices, giving a more accurate representation of economic growth.
Methodology
The data is collected and calculated by the Federal Reserve Bank of St. Louis from sources including the International Monetary Fund.
Historical Context
Policymakers and analysts use this metric to assess the health and trajectory of the Greek economy and make informed decisions.
Key Facts
- Greece's real GDP reached a peak in 2008 before declining during the European debt crisis.
- Real GDP growth in Greece has been volatile, with periods of both expansion and contraction.
- Monitoring Greece's real GDP is crucial for understanding the country's economic performance and development.
FAQs
Q: What does this economic trend measure?
A: The 'Real GDP at Constant National Prices for Greece' series measures the total economic output of Greece, adjusted for inflation, providing a gauge of the country's economic growth and development.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and analysts to assess the health and trajectory of the Greek economy, informing decision-making and policy actions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve Bank of St. Louis from sources including the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the performance of the Greek economy and make informed decisions regarding economic policy and market interventions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions, and there may be lags in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Greece (RGDPNAGRA666NRUG), retrieved from FRED.