Output-side Real GDP at chained Purchasing Power Parities for Luxembourg
RGDPOSLUA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,710.79
Year-over-Year Change
71.81%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures the output-side real Gross Domestic Product (GDP) of Luxembourg adjusted for purchasing power parity. It provides a standardized measure of Luxembourg's economic output and productivity compared to other 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 purchasing power parity is a key indicator of a country's economic size and performance. It allows cross-country comparisons by adjusting for differences in price levels, providing a more accurate representation of living standards and productive capacity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information and purchasing power parity conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze economic growth, competitiveness, and living standards across countries.
Key Facts
- Luxembourg has one of the highest GDP per capita in the world.
- Output-side real GDP accounts for differences in national price levels.
- The data is updated quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output-side real Gross Domestic Product (GDP) of Luxembourg, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic size and living standards by accounting for price level differences, making it a key indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by international organizations, economists, and policymakers to analyze economic growth, competitiveness, and living standards across countries.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with potential lags due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Luxembourg (RGDPOSLUA666NRUG), retrieved from FRED.