Output-side Real GDP at chained Purchasing Power Parities for Saint Lucia
RGDPOSLCA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,602.49
Year-over-Year Change
42.71%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Saint Lucia, adjusted for purchasing power parity (PPP). It provides a comprehensive view of the country's economic output 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 Saint Lucia tracks the total value of all goods and services produced within the country, corrected for differences in price levels between Saint Lucia and a reference economy. This metric allows for meaningful cross-country comparisons of economic activity.
Methodology
The data is collected and calculated by the World Bank using national accounts information and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze Saint Lucia's economic performance and make informed decisions.
Key Facts
- Saint Lucia is a small island country in the Caribbean Sea.
- Its economy is heavily dependent on tourism and banana exports.
- The country has experienced moderate economic growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of all goods and services produced within Saint Lucia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for accurate cross-country comparisons of economic activity and growth, which is essential for policymakers and international organizations analyzing Saint Lucia's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Saint Lucia's economic performance and make informed decisions about economic policy and development strategies.
Q: Are there update delays or limitations?
A: There may be delays in data availability, as the World Bank collects and processes national accounts information from Saint Lucia.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Saint Lucia (RGDPOSLCA666NRUG), retrieved from FRED.