Output-side Real GDP at chained Purchasing Power Parities for Bangladesh
RGDPOSBDA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
759,470.63
Year-over-Year Change
169.10%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Bangladesh, adjusted for purchasing power parity (PPP) to enable cross-country comparisons.
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
Output-side real GDP at chained PPPs provides a standardized measure of economic output that accounts for differences in price levels across countries. It is a key statistic for evaluating the relative size and growth of national economies.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to assess Bangladesh's economic performance and living standards relative to other countries.
Key Facts
- Bangladesh's 2021 GDP was $416 billion.
- GDP per capita in Bangladesh was $2,554 in 2021.
- Bangladesh's economy has grown rapidly in recent decades.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Bangladesh, adjusted for purchasing power parity (PPP) to enable cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the relative size and growth of Bangladesh's economy compared to other countries, and for assessing living standards and economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Bangladesh's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price information from Bangladesh.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Bangladesh (RGDPOSBDA666NRUG), retrieved from FRED.