Output-side Real GDP at chained Purchasing Power Parities for Gabon
RGDPOSGAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,658.09
Year-over-Year Change
32.84%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Gabon, adjusted for purchasing power parity (PPP). It provides insights into the overall size and growth of Gabon's economy.
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 Gabon represents the total value of all goods and services produced within Gabon's borders, adjusted for differences in price levels between countries. This metric allows for more accurate cross-country comparisons of economic activity and living standards.
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 investors to assess Gabon's economic performance and competitiveness.
Key Facts
- Gabon's GDP in 2021 was $17.31 billion.
- Gabon's economy grew by 1.5% in 2021.
- Gabon's GDP per capita in 2021 was $6,881.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Gabon, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of Gabon's economic size and growth relative to other countries, which is crucial for economic analysis and policymaking.
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: Economists and policymakers use this trend to assess Gabon's economic performance, competitiveness, and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be lags in data availability.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Gabon (RGDPOSGAA666NRUG), retrieved from FRED.