Output-side Real GDP at chained Purchasing Power Parities for the Democratic Republic of the Congo
RGDPOSCDA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,673.38
Year-over-Year Change
119.11%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real, inflation-adjusted Gross Domestic Product (GDP) of the Democratic Republic of the Congo, adjusted for purchasing power parity. It provides a standardized measure of the Congo's economic output and living standards relative to other 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
Output-side real GDP at chained purchasing power parities (PPPs) is a macroeconomic indicator that adjusts a country's GDP to account for differences in the cost of living and purchasing power across economies. This allows for more accurate cross-country comparisons of economic activity and productivity.
Methodology
The data is calculated by the World Bank using national accounts information and price surveys.
Historical Context
Policymakers and analysts use this metric to evaluate the Congo's economic performance and living standards in a global context.
Key Facts
- The Congo's output-side real GDP at PPP was $53.78 billion in 2021.
- This metric has grown at an average annual rate of 4.4% over the past decade.
- The Congo's GDP per capita at PPP was $600 in 2021, indicating relatively low living standards.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real, inflation-adjusted Gross Domestic Product (GDP) of the Democratic Republic of the Congo, 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 international comparisons of economic activity and living standards, which is crucial for policymakers and analysts evaluating the Congo's economic performance in a global context.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and price surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the Congo's economic output, productivity, and living standards relative to other countries, which informs policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the World Bank relies on national accounts and survey information that can take time to collect and process.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for the Democratic Republic of the Congo (RGDPOSCDA666NRUG), retrieved from FRED.