Output-side Real GDP at chained Purchasing Power Parities for Angola
RGDPOSAOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
227,855.72
Year-over-Year Change
87.60%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the output-side real GDP at chained purchasing power parities for Angola. It is a key indicator of Angola's economic performance and growth.
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
The output-side real GDP at chained purchasing power parities for Angola represents the total value of goods and services produced in the Angolan economy, adjusted for inflation and purchasing power differences. It is a widely used metric for evaluating the size and growth of a nation's economy.
Methodology
The data is calculated by the World Bank using national accounts information and purchasing power parity exchange rates.
Historical Context
This metric is closely monitored by policymakers, investors, and economists to assess Angola's economic conditions and development.
Key Facts
- Angola is Africa's second-largest oil producer.
- The Angolan economy grew by 3.1% in 2021.
- Purchasing power parity accounts for differences in cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in the Angolan economy, adjusted for inflation and purchasing power differences.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Angola's economic performance and growth, and is closely monitored by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, investors, and economists to assess Angola's economic conditions and development.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts information and purchasing power parity data from the World Bank.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Angola (RGDPOSAOA666NRUG), retrieved from FRED.