Output-side Real GDP at chained Purchasing Power Parities for Mexico
RGDPOSMXA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,390,322.50
Year-over-Year Change
34.74%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures Mexico's real Gross Domestic Product (GDP) adjusted for purchasing power parity. It provides insights into the true output and living standards of the Mexican 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 (PPPs) for Mexico represents the size of the Mexican economy adjusted for differences in prices across countries. This allows for more accurate comparisons of economic output and living standards between Mexico and other nations.
Methodology
The data is calculated using exchange rates and price levels to convert nominal GDP into real, comparable terms.
Historical Context
This metric is widely used by economists, policymakers, and investors to assess Mexico's economic performance and competitiveness.
Key Facts
- Mexico's 2021 Output-side Real GDP at PPP was $2.4 trillion.
- This metric has grown by an average of 2.4% per year over the past decade.
- Mexico accounts for approximately 2% of global GDP based on this PPP-adjusted measure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the size of Mexico's economy adjusted for differences in prices across countries, providing a more accurate comparison of living standards and economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and investors to assess Mexico's economic performance and competitiveness relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated using exchange rates and price levels to convert nominal GDP into real, comparable terms.
Q: How is this trend used in economic policy?
A: This PPP-adjusted GDP measure is used by institutions and analysts to evaluate Mexico's economic growth, living standards, and competitiveness in the global market.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but may have some lag compared to more immediate economic indicators.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Mexico (RGDPOSMXA666NRUG), retrieved from FRED.