Output-side Real GDP at chained Purchasing Power Parities for the former Yugoslav Republic of Macedonia
RGDPOSMKA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,876.16
Year-over-Year Change
50.54%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of North Macedonia, adjusted for purchasing power parity. It provides insight into the country's economic output and standard of living.
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 (PPP) represents the total value of goods and services produced in North Macedonia, converted to a common currency and price level to enable cross-country comparisons. This metric is widely used by economists and policymakers to analyze economic performance and living standards.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is relevant for assessing North Macedonia's economic development and competitiveness within the regional and global context.
Key Facts
- North Macedonia's real GDP was $31.9 billion in 2021.
- The country's GDP per capita at PPP was $15,339 in 2021.
- North Macedonia's economy grew by 4% in 2021 after a 4.5% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of North Macedonia, adjusted for purchasing power parity (PPP). It provides insight into the country's economic output and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to analyze North Macedonia's economic performance and competitiveness within the regional and global context.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing North Macedonia's economic development and is used by markets, economists, and institutions to evaluate the country's economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
Related Trends
Population for Sweden
POPTTLSEA148NRUG
Population for Guinea-Bissau
POPTTLGWA148NRUG
Number of Persons Engaged for Austria
EMPENGATA148NRUG
Output-side Real GDP at chained Purchasing Power Parities for Germany
RGDPOSDEA666NRUG
Population for Mauritania
POPTTLMRA148NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Italy
RGDPESITA666NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for the former Yugoslav Republic of Macedonia (RGDPOSMKA666NRUG), retrieved from FRED.