Output-side Real GDP at chained Purchasing Power Parities for United States
RGDPOSUSA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,595,844.00
Year-over-Year Change
23.31%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of the United States, adjusted for differences in purchasing power across countries. It provides a more accurate comparison of economic output and living standards internationally.
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) is an internationally comparable measure of economic activity. It accounts for price level differences between countries to better reflect actual consumption and production capabilities.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and price survey information.
Historical Context
This trend is used by economists, policymakers, and international organizations to evaluate and compare the relative economic performance of countries.
Key Facts
- The U.S. had the world's largest output-side real GDP in 2021 at over $23 trillion.
- Output-side real GDP accounts for differences in the cost of living between countries.
- This metric provides a more accurate basis for international GDP comparisons than market exchange rates.
FAQs
Q: What does this economic trend measure?
A: The output-side real GDP at chained purchasing power parities (PPPs) measures the total economic output of the United States, adjusted for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of living standards and economic performance between countries by accounting for variations in domestic price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-based national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations utilize this trend to evaluate and compare the relative economic output and capabilities of different countries.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and availability due to the complex international data collection process.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for United States (RGDPOSUSA666NRUG), retrieved from FRED.