Output-side Real GDP at chained Purchasing Power Parities for Malawi
RGDPOSMWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,635.07
Year-over-Year Change
13.23%
Date Range
1/1/1954 - 1/1/2019
Summary
This economic trend measures the real Gross Domestic Product (GDP) of Malawi adjusted for purchasing power parity (PPP). It provides a more accurate picture of Malawi's economic output and living standards compared to exchange rate-based GDP.
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 inflation-adjusted measure of a country's economic production that accounts for differences in domestic price levels. It allows for more meaningful cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts, price, and population data.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze and compare economic performance across countries.
Key Facts
- Malawi's GDP per capita on a PPP basis was $1,176 in 2021.
- PPP-adjusted GDP better reflects a country's standard of living than market exchange rates.
- The World Bank updates this series annually as part of the International Comparison Program.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real Gross Domestic Product (GDP) of Malawi, adjusted for differences in domestic price levels using purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: PPP-adjusted GDP provides a more accurate picture of Malawi's economic output and living standards compared to exchange rate-based GDP, allowing for meaningful cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts, price, and population data.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to analyze and compare economic performance across countries.
Q: Are there update delays or limitations?
A: The World Bank updates this series annually as part of the International Comparison Program.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Malawi (RGDPOSMWA666NRUG), retrieved from FRED.