Output-side Real GDP at chained Purchasing Power Parities for Peru
RGDPOSPEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
397,821.03
Year-over-Year Change
69.12%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Peru, adjusted for purchasing power parity (PPP). It provides a standardized measure of Peru's economic output that allows for international comparisons.
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 a national accounts statistic that quantifies the total value of goods and services produced in Peru, adjusted for price differences across countries. It is a key metric used by economists and policymakers to assess Peru's economic performance and living standards relative to other nations.
Methodology
The data is calculated by the World Bank using national accounts information and PPP conversion factors.
Historical Context
This trend is widely used to inform macroeconomic analysis, trade policy, and international development strategies.
Key Facts
- Peru's output-side real GDP at PPP was $368 billion in 2021.
- Peru's real GDP per capita at PPP was $10,850 in 2021.
- Peru's real GDP growth rate averaged 3.9% per year from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services produced in Peru, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for meaningful comparisons of Peru's economic output and living standards relative to other nations, informing macroeconomic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and international organizations to assess Peru's economic performance, inform trade policy, and guide development strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Peru (RGDPOSPEA666NRUG), retrieved from FRED.