Output-side Real GDP at chained Purchasing Power Parities for Panama
RGDPOSPAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126,883.19
Year-over-Year Change
168.35%
Date Range
1/1/1950 - 1/1/2019
Summary
This measure represents the real gross domestic product (GDP) of Panama, adjusted for purchasing power parity. It is a key indicator of the overall size and performance of the Panamanian 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
Output-side real GDP at chained purchasing power parities (PPPs) is a comprehensive measure of the total economic output of Panama, adjusted to account for differences in price levels between Panama and the United States. This metric allows for more accurate cross-country comparisons of economic activity.
Methodology
The data is calculated by the World Bank using national accounts statistics and price survey information.
Historical Context
Policymakers and analysts use this metric to assess Panama's economic growth and competitiveness relative to other countries.
Key Facts
- Panama's output-side real GDP at PPP was $66.8 billion in 2021.
- This metric has grown at an average annual rate of 4.8% over the past decade.
- Panama has the highest GDP per capita in Central America, at $15,700 in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of goods and services produced in Panama, adjusted for differences in purchasing power between Panama and the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a more accurate assessment of Panama's economic size and growth compared to using nominal GDP, allowing for better cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and price survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Panama's economic performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the latest data, as it relies on national accounts and survey information.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Panama (RGDPOSPAA666NRUG), retrieved from FRED.