Output-side Real GDP at chained Purchasing Power Parities for Germany
RGDPOSDEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,275,312.00
Year-over-Year Change
16.64%
Date Range
1/1/1950 - 1/1/2019
Summary
This measure tracks Germany's real Gross Domestic Product (GDP) adjusted for purchasing power parity, providing a comprehensive assessment of the country's economic output.
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 Germany is a key indicator that allows for cross-country comparisons of economic activity and living standards. It adjusts nominal GDP to account for differences in price levels between Germany and other economies.
Methodology
The data is calculated by the OECD using expenditure-side real GDP converted to a common currency using purchasing power parities.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze Germany's economic performance and competitiveness.
Key Facts
- Germany is the largest economy in the European Union.
- Real GDP adjusted for PPPs provides a more accurate comparison of living standards across countries.
- The OECD publishes this metric annually as part of its suite of international economic indicators.
FAQs
Q: What does this economic trend measure?
A: This metric tracks Germany's real Gross Domestic Product (GDP) adjusted for differences in purchasing power across countries, providing a comprehensive assessment of the country's economic output.
Q: Why is this trend relevant for users or analysts?
A: This indicator allows for meaningful cross-country comparisons of economic activity and living standards, making it a crucial tool for economists, policymakers, and international organizations analyzing Germany's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using expenditure-side real GDP converted to a common currency using purchasing power parities.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to analyze Germany's economic performance and competitiveness, informing policy decisions and economic analysis.
Q: Are there update delays or limitations?
A: The OECD publishes this indicator annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Germany (RGDPOSDEA666NRUG), retrieved from FRED.