Real GDP at Constant National Prices for Mauritius
RGDPNAMUA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,252.94
Year-over-Year Change
57.44%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Mauritius' is a key economic indicator that measures the total value of goods and services produced in Mauritius, adjusted for inflation. It provides important insights into the 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 GDP-based metric tracks the real (inflation-adjusted) output of the Mauritian economy over time. It is a widely used benchmark for assessing the overall health and trajectory of the nation's economy, and is closely monitored by policymakers, analysts, and international institutions.
Methodology
The data is collected and calculated by the Mauritian government's statistical agency based on comprehensive national accounts.
Historical Context
Trends in real GDP are critical for informing economic and fiscal policies in Mauritius.
Key Facts
- Mauritius is an upper-middle-income economy in Africa.
- Real GDP growth averaged over 4% annually from 2010-2019.
- The services sector accounts for over 70% of Mauritius' GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Real GDP at Constant National Prices for Mauritius' measures the total value of goods and services produced in the Mauritian economy, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This GDP-based metric is a key indicator of Mauritius' overall economic health and growth, making it highly relevant for policymakers, economists, and investors analyzing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Mauritian government's statistical agency based on comprehensive national accounts.
Q: How is this trend used in economic policy?
A: Trends in real GDP are critical for informing economic and fiscal policies in Mauritius, as they provide insights into the country's growth, development, and overall macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication lags associated with national accounts statistics, but is generally considered a reliable and comprehensive measure of Mauritius' economic output.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Mauritius (RGDPNAMUA666NRUG), retrieved from FRED.