Output-side Real GDP at chained Purchasing Power Parities for Cote d'Ivoire
RGDPOSCIA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129,491.77
Year-over-Year Change
196.99%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Cote d'Ivoire, adjusted for purchasing power parity (PPP). It provides insight into the overall size and growth of Cote d'Ivoire's 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 for Cote d'Ivoire is an indicator of the country's economic performance. It adjusts the nominal GDP value to account for differences in price levels between Cote d'Ivoire and other countries, allowing for more accurate cross-country comparisons.
Methodology
The data is calculated by the World Bank using underlying GDP and price level information.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Cote d'Ivoire's economic development and competitiveness.
Key Facts
- Cote d'Ivoire's real GDP in 2021 was $71.7 billion.
- The country's economy grew by 6.2% in 2021.
- Cote d'Ivoire is the world's largest producer and exporter of cocoa beans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Cote d'Ivoire, adjusted for purchasing power parity (PPP). It provides a more accurate assessment of the country's economic size and growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Cote d'Ivoire's economic performance and competitiveness compared to other countries. It is widely used by economists, policymakers, and international organizations to inform economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using underlying GDP and price level information.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, analysts, and international organizations to assess Cote d'Ivoire's economic development, identify growth opportunities, and inform policy decisions related to trade, investment, and economic reforms.
Q: Are there update delays or limitations?
A: There may be delays in data availability due to the time required for collection and processing. Additionally, the accuracy of the PPP adjustments may be affected by changes in price levels and exchange rates over time.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Cote d'Ivoire (RGDPOSCIA666NRUG), retrieved from FRED.