Output-side Real GDP at chained Purchasing Power Parities for Central African Republic
RGDPOSCFA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,642.45
Year-over-Year Change
8.85%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the real output-side Gross Domestic Product (GDP) of the Central African Republic, adjusted for purchasing power parity. It provides insight into the overall size and productivity of the Central African economy.
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 (PPPs) for the Central African Republic is a key statistic used by economists and policymakers to assess the country's economic performance and living standards relative to other nations. It accounts for price level differences to enable cross-country comparisons.
Methodology
The data is collected and calculated by the World Bank using a chained index approach and published purchasing power parities.
Historical Context
This GDP metric informs decision-making around trade, investment, and development policies for the Central African economy.
Key Facts
- Central African Republic's 2021 GDP was $2.2 billion.
- GDP per capita in 2021 was $465, one of the lowest globally.
- The economy is dominated by subsistence agriculture.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total real economic output of the Central African Republic, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This GDP metric allows for more accurate comparisons of living standards and economic development across nations by accounting for price level differences.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank using a chained index approach and published purchasing power parities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this GDP measure to inform decisions around trade, investment, and development policies for the Central African economy.
Q: Are there update delays or limitations?
A: There can be delays of 1-2 years in publishing the latest data, and the metric may not fully capture the informal economy.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Central African Republic (RGDPOSCFA666NRUG), retrieved from FRED.