Output-side Real GDP at chained Purchasing Power Parities for Ethiopia
RGDPOSETA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
304,937.22
Year-over-Year Change
311.12%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures output-side real GDP in Ethiopia, adjusting for differences in purchasing power across countries. It provides a comprehensive assessment of Ethiopia's economic activity and growth over time.
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 Ethiopia is a key indicator of the country's economic performance. It accounts for price level differences between Ethiopia and other countries, enabling cross-country comparisons of real economic output.
Methodology
The data is calculated by the World Bank using expenditure-side national accounts data and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze Ethiopia's economic development and competitiveness.
Key Facts
- Ethiopia's Output-side Real GDP at chained PPPs was $103.4 billion in 2021.
- Real GDP growth in Ethiopia averaged 7.7% per year from 2010 to 2020.
- Ethiopia's economy is the second-largest in sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures Ethiopia's output-side real GDP, adjusting for differences in purchasing power across countries. It provides a comprehensive assessment of the country's economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to analyze Ethiopia's economic development and competitiveness relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side national accounts data and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and international institutions to assess Ethiopia's economic performance, monitor growth, and make informed decisions about economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as it relies on national accounts data and PPP calculations from the World Bank. There may also be limitations in cross-country comparisons due to differences in data collection and reporting.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Ethiopia (RGDPOSETA666NRUG), retrieved from FRED.