Output-side Real GDP at chained Purchasing Power Parities for Guinea
RGDPOSGNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,205.35
Year-over-Year Change
56.03%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures Guinea's real GDP based on purchasing power parity (PPP), providing a standardized comparison of economic output across countries.
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 key metric for evaluating a country's economic performance and living standards relative to other nations. It adjusts for price level differences to better reflect actual purchasing power.
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 analyze Guinea's economic development and competitiveness.
Key Facts
- Guinea's 2021 output-side real GDP at PPP was $36.31 billion.
- Guinea's real GDP per capita at PPP was $2,752 in 2021.
- Guinea's economy has grown by an average of 5.7% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures Guinea's real gross domestic product (GDP) adjusted for purchasing power parity (PPP), providing a standardized comparison of economic output across countries.
Q: Why is this trend relevant for users or analysts?
A: Output-side real GDP at PPP is a key metric for evaluating a country's economic performance and living standards relative to other nations, as it adjusts for price level differences to better reflect actual purchasing power.
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 widely used by economists, policymakers, and international organizations to analyze Guinea's economic development and competitiveness.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the accuracy of the PPP adjustments can be affected by limited price data in some countries.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Guinea (RGDPOSGNA666NRUG), retrieved from FRED.