Output-side Real GDP at chained Purchasing Power Parities for South Africa
RGDPOSZAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
734,094.38
Year-over-Year Change
15.04%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of South Africa adjusted for purchasing power parity (PPP). It provides insights into the country's overall economic output and productivity.
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 key metric for evaluating the size and performance of a national economy. It accounts for differences in price levels across countries to enable more accurate international comparisons of economic activity.
Methodology
The data is calculated by the World Bank using national accounts information and price data.
Historical Context
Policymakers and analysts use this trend to assess South Africa's macroeconomic conditions and competitiveness within the global economy.
Key Facts
- South Africa's output-side real GDP at PPP was $776 billion in 2021.
- This metric has grown at an average annual rate of 1.4% over the past decade.
- South Africa accounts for approximately 0.7% of global GDP measured in PPP terms.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of South Africa, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate picture of South Africa's economic size and performance compared to other nations, enabling better international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess South Africa's macroeconomic conditions and competitiveness within the global economy.
Q: Are there update delays or limitations?
A: There may be delays in the availability of this data due to the time required for data collection and processing by the World Bank.
Related Trends
Population for Turkey
POPTTLTRA148NRUG
Output-side Real GDP at chained Purchasing Power Parities for Bahrain
RGDPOSBHA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Croatia
RGDPESHRA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Jamaica
RGDPESJMA666NRUG
Population for Switzerland
POPTTLCHA148NRUG
Population for Barbados
POPTTLBBA148NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for South Africa (RGDPOSZAA666NRUG), retrieved from FRED.