Output-side Real GDP at chained Purchasing Power Parities for Mali
RGDPOSMLA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,087.63
Year-over-Year Change
121.29%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Mali, adjusted for purchasing power parity (PPP). It provides insights into the overall size and performance of Mali's economy.
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 Mali tracks the total value of all goods and services produced within Mali's borders, adjusted for differences in price levels across countries. This metric is useful for comparing economic activity and living standards between nations.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to evaluate Mali's economic development and competitiveness.
Key Facts
- Mali's real GDP per capita was $2,174 in 2021.
- The economy grew by 4.0% in 2021 after contracting in 2020.
- Agriculture accounts for over 30% of Mali's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of all goods and services produced within Mali's borders, adjusted for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall size and performance of Mali's economy, which is useful for comparing economic activity and living standards between nations.
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: Policymakers and analysts use this metric to evaluate Mali's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data may have update delays 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 Mali (RGDPOSMLA666NRUG), retrieved from FRED.