Output-side Real GDP at chained Purchasing Power Parities for Botswana
RGDPOSBWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,975.01
Year-over-Year Change
38.76%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic series measures the real gross domestic product (GDP) of Botswana, adjusted for purchasing power parity (PPP). It provides a standardized comparison of economic output across countries.
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 PPPs for Botswana represents the total value of all goods and services produced within the country, adjusted for differences in price levels between Botswana and a reference economy. This allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts information and price data.
Historical Context
Policymakers and analysts use this metric to evaluate Botswana's economic performance and competitiveness relative to other nations.
Key Facts
- Botswana's output-side real GDP at chained PPPs was $37.7 billion in 2021.
- This metric has grown at an average annual rate of 4.5% over the past decade.
- Botswana's GDP per capita at chained PPPs was $15,800 in 2021.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) of Botswana, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of economic activity and living standards between Botswana and other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Botswana's economic performance and competitiveness relative to peer countries.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the series relies on national accounts and price information from Botswana and other countries.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Botswana (RGDPOSBWA666NRUG), retrieved from FRED.