Output-side Real GDP at chained Purchasing Power Parities for Spain
RGDPOSESA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,886,595.25
Year-over-Year Change
13.62%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Spain, adjusted for purchasing power parity (PPP). It provides a comprehensive indicator of Spain's economic output and serves as a key metric for international economic 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
The Output-side Real GDP at chained Purchasing Power Parities for Spain tracks the total value of goods and services produced within the Spanish economy, adjusted to account for differences in price levels between countries. This allows for more accurate cross-country assessments of economic activity and living standards.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using expenditure-side real GDP figures and PPP exchange rates.
Historical Context
Policymakers and analysts use this trend to evaluate Spain's economic performance and competitiveness relative to other major economies.
Key Facts
- Spain's Output-side Real GDP was $1.75 trillion in 2021.
- The trend has grown at an average annual rate of 2.1% over the past decade.
- Spain's GDP per capita on a PPP basis was $37,800 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Spain, adjusted for differences in purchasing power across countries using purchasing power parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a comprehensive and internationally comparable measure of Spain's economic output and living standards, which is crucial for evaluating the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using expenditure-side real GDP figures and PPP exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Spain's economic performance and competitiveness relative to other major economies, which informs policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more information becomes available.
Related Trends
Average Annual Hours Worked by Persons Engaged for United Kingdom
AVHWPEGBA065NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Morocco
RGDPESMAA666NRUG
Population for Sudan
POPTTLSDA148NRUG
Index of Human Capital per Person for Hungary
HCIYISHUA066NRUG
Index of Human Capital per Person for Honduras
HCIYISHNA066NRUG
Population for El Salvador
POPTTLSVA148NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Spain (RGDPOSESA666NRUG), retrieved from FRED.