Output-side Real GDP at chained Purchasing Power Parities for China
RGDPOSCNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,257,660.00
Year-over-Year Change
92.52%
Date Range
1/1/1952 - 1/1/2019
Summary
This economic series measures China's real GDP based on purchasing power parity, providing a more accurate 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
Output-side real GDP at chained purchasing power parities is an internationally comparable measure of economic activity that adjusts for price level differences between countries. It is a widely used indicator for assessing and comparing the relative size of national economies.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is crucial for policymakers and analysts to evaluate China's economic performance and competitiveness.
Key Facts
- China is the world's second-largest economy by GDP.
- China's GDP based on purchasing power parity exceeds its nominal GDP.
- Adjusting for price levels provides a more accurate comparison of living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This series measures China's real GDP based on purchasing power parity, which adjusts for differences in price levels between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of economic activity and living standards across countries than using nominal GDP.
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: This metric is crucial for policymakers and analysts to evaluate China's economic performance and competitiveness relative to other major economies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and revisions of national accounts and pricing information from contributing countries.
Related Trends
Average Annual Hours Worked by Persons Engaged for Trinidad and Tobago
AVHWPETTA065NRUG
Number of Persons Engaged for Mauritania
EMPENGMRA148NRUG
Number of Persons Engaged for Hungary
EMPENGHUA148NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Liberia
RGDPESLRA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Paraguay
RGDPESPYA666NRUG
Population for Peru
POPTTLPEA148NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for China (RGDPOSCNA666NRUG), retrieved from FRED.