Output-side Real GDP at chained Purchasing Power Parities for Lithuania
RGDPOSLTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89,642.18
Year-over-Year Change
33.78%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the output-side real GDP of Lithuania adjusted for purchasing power parity (PPP). It provides a standardized measure of economic output that allows for cross-country comparisons.
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 an important indicator of a country's economic performance. It accounts for differences in price levels between countries, giving a more accurate picture of relative living standards and productivity.
Methodology
The data is calculated by the World Bank using underlying national accounts data and PPP conversion factors.
Historical Context
Policymakers and analysts use this metric to evaluate Lithuania's economic growth and competitiveness relative to other nations.
Key Facts
- Lithuania's output-side real GDP at chained PPPs was $108 billion in 2021.
- This metric grew by 5.0% in 2021 after contracting 0.1% in 2020.
- Lithuania's PPP-adjusted GDP per capita was $38,600 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output-side real GDP of Lithuania, which is adjusted for differences in purchasing power parity (PPP) across countries.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted GDP metric provides a more accurate comparison of living standards and economic productivity between Lithuania and other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using underlying national accounts data and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Lithuania's economic growth and competitiveness relative to peer countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates from the World Bank, so there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Lithuania (RGDPOSLTA666NRUG), retrieved from FRED.