Output-side Real GDP at chained Purchasing Power Parities for Romania
RGDPOSROA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
540,045.75
Year-over-Year Change
64.67%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Romania, adjusted for purchasing power parity (PPP). It provides a standardized comparison of economic output across countries.
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 PPPs for Romania tracks the total value of all goods and services produced within the Romanian economy, converted to a common international currency and adjusted for price differences. This metric allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using expenditure-side real GDP estimates and price level ratios.
Historical Context
This trend is widely used by policymakers, economists, and international organizations to assess Romania's economic performance and competitiveness.
Key Facts
- Romania's 2021 GDP at PPP was $597 billion.
- Romania's PPP-adjusted GDP per capita was $30,600 in 2021.
- Romania's economy has grown rapidly since joining the EU in 2007.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of all goods and services produced within the Romanian economy, adjusted for purchasing power parity (PPP) to allow for cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: The output-side real GDP at PPP for Romania provides a standardized, internationally comparable metric of the country's economic output and living standards, which is crucial for policymakers and economists analyzing Romania's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side real GDP estimates and price level ratios to adjust for differences in purchasing power across countries.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, international organizations, and economists to assess Romania's economic growth, competitiveness, and living standards relative to other countries, informing policy decisions and economic analysis.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately one year, so the most recent figures may not reflect the current economic situation in Romania.
Related Trends
Output-side Real GDP at chained Purchasing Power Parities for Pakistan
RGDPOSPKA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Albania
RGDPESALA666NRUG
Output-side Real GDP at chained Purchasing Power Parities for Mexico
RGDPOSMXA666NRUG
Number of Persons Engaged for Honduras
EMPENGHNA148NRUG
Number of Persons Engaged for Uzbekistan
EMPENGUZA148NRUG
Output-side Real GDP at chained Purchasing Power Parities for Singapore
RGDPOSSGA666NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Romania (RGDPOSROA666NRUG), retrieved from FRED.