Real GDP at Constant National Prices for Saint Vincent and the Grenadines
RGDPNAVCA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,165.59
Year-over-Year Change
6.93%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Saint Vincent and the Grenadines, adjusted for inflation and expressed in constant national prices. It is a key indicator of the overall economic activity and growth in the country.
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 is a widely used macroeconomic indicator that provides insights into the productive capacity and economic performance of Saint Vincent and the Grenadines. It allows for comparisons over time, adjusting for changes in prices and exchange rates.
Methodology
The data is collected and calculated by the World Bank using national accounts information.
Historical Context
Policymakers and analysts use this metric to evaluate the economic health and development of Saint Vincent and the Grenadines.
Key Facts
- Saint Vincent and the Grenadines is a small island country in the Caribbean.
- Real GDP growth is a critical indicator of the country's economic performance.
- The data is measured in constant national prices to adjust for inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Saint Vincent and the Grenadines, adjusted for inflation and expressed in constant national prices.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key macroeconomic indicator that provides insights into the overall economic activity and growth of Saint Vincent and the Grenadines, allowing for comparisons over time.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the economic health and development of Saint Vincent and the Grenadines.
Q: Are there update delays or limitations?
A: The data may have some update delays and potential limitations inherent in national accounts information.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Saint Vincent and the Grenadines (RGDPNAVCA666NRUG), retrieved from FRED.