Output-side Real GDP at chained Purchasing Power Parities for Morocco
RGDPOSMAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
288,999.75
Year-over-Year Change
69.88%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Morocco, adjusted for purchasing power parity (PPP). It provides a comprehensive gauge of the Moroccan economy's overall output and productivity.
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 a widely used metric that allows for cross-country comparisons of economic activity. It accounts for differences in price levels, giving a more accurate picture of living standards and growth trends.
Methodology
The data is calculated by the World Bank using national accounts and price information.
Historical Context
Policymakers and analysts use this data to evaluate Morocco's economic performance and competitiveness within the global economy.
Key Facts
- Morocco's real GDP at PPP was $301 billion in 2021.
- The Moroccan economy grew by 7.2% in 2021 after a 6.3% contraction in 2020.
- Morocco's GDP per capita at PPP was $8,071 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output of goods and services produced in Morocco, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides a comprehensive view of Morocco's economic activity and productivity, allowing for meaningful comparisons to other countries.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts data and price information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to evaluate Morocco's economic performance, competitiveness, and living standards relative to the global economy.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it relies on national accounts information.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Morocco (RGDPOSMAA666NRUG), retrieved from FRED.