Output-side Real GDP at chained Purchasing Power Parities for Djibouti
RGDPOSDJA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,970.28
Year-over-Year Change
93.44%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the output-side real gross domestic product (GDP) of Djibouti, adjusted for purchasing power parity (PPP). It provides a standardized measure of economic output that allows for cross-country comparisons.
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 PPPs is a national accounts statistic that quantifies the total value of goods and services produced within a country, adjusted for price differences across economies. This metric is crucial for analyzing Djibouti's economic performance and living standards relative to other nations.
Methodology
The data is calculated by the U.S. Federal Reserve using internationally standardized national accounts methodologies.
Historical Context
Policymakers and analysts use this trend to assess Djibouti's economic competitiveness and progress toward development goals.
Key Facts
- Djibouti's output-side real GDP was $3.4 billion in 2021.
- Djibouti's GDP per capita at PPP was $3,400 in 2021.
- Djibouti's economy grew by 5.6% in 2021 after a 1.0% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced within Djibouti, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for standardized comparisons of Djibouti's economic performance and living standards relative to other nations, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using internationally standardized national accounts methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Djibouti's economic competitiveness and progress toward development goals.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the metric may not fully capture informal economic activity in Djibouti.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Djibouti (RGDPOSDJA666NRUG), retrieved from FRED.