Output-side Real GDP at chained Purchasing Power Parities for Greece
RGDPOSGRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
284,893.63
Year-over-Year Change
-19.11%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic indicator measures Greece's real gross domestic product (GDP) adjusted for purchasing power parity (PPP), providing a more accurate comparison of living standards 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 comprehensive measure of a country's economic output that accounts for differences in price levels, allowing for more meaningful cross-country comparisons. It is a key metric used by economists and policymakers to evaluate Greece's economic performance and living standards relative to other nations.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using expenditure-side national accounts and price data.
Historical Context
This metric informs economic policy decisions and cross-border investment analysis.
Key Facts
- Greece's output-side real GDP at chained PPPs was $368 billion in 2021.
- This metric accounts for differences in price levels across countries.
- It provides a more accurate comparison of living standards than nominal GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Greece's real gross domestic product (GDP) adjusted for purchasing power parity (PPP), providing a more accurate comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: Output-side real GDP at chained PPPs is a key metric used by economists and policymakers to evaluate Greece's economic performance and living standards relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using expenditure-side national accounts and price data.
Q: How is this trend used in economic policy?
A: This metric informs economic policy decisions and cross-border investment analysis.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations in cross-country price comparisons.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Greece (RGDPOSGRA666NRUG), retrieved from FRED.