Output-side Real GDP at chained Purchasing Power Parities for Fiji
RGDPOSFJA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,240.18
Year-over-Year Change
116.91%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the output-side real GDP of Fiji, adjusted for purchasing power parity. It provides a standardized measure of Fiji's economic output that enables 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
The output-side real GDP at chained purchasing power parities (PPPs) for Fiji is an inflation-adjusted measure of the country's total economic output. It accounts for differences in price levels between Fiji and other countries, allowing for more accurate comparisons of living standards and productivity.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Fiji's economic performance and living standards relative to other nations.
Key Facts
- Fiji's output-side real GDP at PPP was $8,742 in 2021.
- Fiji's real GDP per capita at PPP was $9,590 in 2021.
- Fiji's economy grew by 1.1% in 2021 after contracting in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output-side real GDP of Fiji, which is an inflation-adjusted measure of the country's total economic output. It is adjusted for purchasing power parity to enable cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess Fiji's economic performance and living standards relative to other nations. It provides a more accurate measure of Fiji's economic output and productivity.
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 trend is used by economists, policymakers, and international organizations to analyze Fiji's economic growth, compare its living standards to other countries, and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a delay of approximately one year. There may be limitations in data quality or coverage for some years or countries.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Fiji (RGDPOSFJA666NRUG), retrieved from FRED.