Expenditure-side Real GDP at Current Purchasing Power Parities for Bangladesh
CGDPESBDA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
752,750.88
Year-over-Year Change
165.45%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures the expenditure-side real gross domestic product (GDP) of Bangladesh, adjusted for purchasing power parity (PPP). It provides insights into the size and growth of Bangladesh's economy compared to other 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 expenditure-side real GDP at current PPPs represents the total final expenditure at purchasers' prices (including the free-on-board value of goods and services exported and excluding the free-on-board value of goods and services imported) in a country. This metric is widely used by economists and policymakers to analyze economic performance and living standards across countries.
Methodology
The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is relevant for understanding Bangladesh's economic development and competitiveness within the global market.
Key Facts
- Bangladesh's 2021 expenditure-side real GDP at current PPPs was $776 billion.
- Bangladesh's economy has grown rapidly, with an average annual GDP growth rate of 6.4% over the past decade.
- In 2021, Bangladesh's expenditure-side real GDP per capita at current PPPs was $4,534.
FAQs
Q: What does this economic trend measure?
A: This trend measures the expenditure-side real gross domestic product (GDP) of Bangladesh, adjusted for purchasing power parity (PPP). It provides insights into the size and growth of Bangladesh's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to analyze economic performance and living standards across countries, as it allows for better comparisons of economic activity between nations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Bangladesh's economic development and competitiveness within the global market, which can inform policymaking and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and PPP data from the World Bank.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Bangladesh (CGDPESBDA666NRUG), retrieved from FRED.