Output-side Real GDP at chained Purchasing Power Parities for Guatemala
RGDPOSGTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136,605.02
Year-over-Year Change
52.76%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the total inflation-adjusted output of Guatemala's economy using purchasing power parities. It provides a comprehensive view of Guatemala's real economic activity and growth.
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 Guatemala represents the total value of all goods and services produced within the country, adjusted for price changes. This metric offers a standardized way to compare Guatemala's economic output to other countries.
Methodology
The data is calculated by the World Bank using national accounts information and purchasing power parity exchange rates.
Historical Context
This trend is used by economists, policymakers, and investors to assess Guatemala's economic performance and competitiveness.
Key Facts
- Guatemala's real GDP in 2021 was $77.8 billion.
- The economy grew by 5.0% in 2021 after contracting in 2020.
- Agriculture accounts for 10.5% of Guatemala's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of all goods and services produced within Guatemala, adjusted for price changes and purchasing power differences.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare Guatemala's economic output and growth to other countries, which is important for assessing the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this trend to evaluate Guatemala's economic growth, productivity, and overall performance relative to other countries.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Guatemala (RGDPOSGTA666NRUG), retrieved from FRED.