Output-side Real GDP at chained Purchasing Power Parities for Guinea-Bissau
RGDPOSGWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,554.28
Year-over-Year Change
64.01%
Date Range
1/1/1960 - 1/1/2019
Summary
This measure represents Guinea-Bissau's real gross domestic product (GDP) adjusted for purchasing power parity. It is a key economic indicator used to compare living standards and production 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 purchasing power parities (PPPs) provides a standardized measure of economic output that accounts for differences in national price levels. This allows for more accurate cross-country comparisons of GDP and productivity.
Methodology
The data is calculated by the World Bank using expenditure-side national accounts and price data.
Historical Context
Policymakers and analysts use this metric to assess Guinea-Bissau's economic performance and competitiveness relative to other nations.
Key Facts
- Guinea-Bissau's 2021 real GDP at PPP was $3.63 billion.
- Guinea-Bissau's real GDP per capita at PPP was $1,957 in 2021.
- The country's real GDP growth rate in 2021 was 3.8%.
FAQs
Q: What does this economic trend measure?
A: This metric measures Guinea-Bissau's real gross domestic product (GDP) adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator allows for more accurate comparisons of economic output and living standards between Guinea-Bissau and other nations.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using expenditure-side national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this measure to assess Guinea-Bissau's economic performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: This data is typically published with a 1-2 year lag due to the time required for collection and calculation.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Guinea-Bissau (RGDPOSGWA666NRUG), retrieved from FRED.