Expenditure-side Real GDP at Current Purchasing Power Parities for Cote d'Ivoire
CGDPESCIA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131,016.71
Year-over-Year Change
192.13%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Cote d'Ivoire based on purchasing power parity (PPP) exchange rates. It provides a standardized, internationally comparable measure of the country's economic output.
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 for Cote d'Ivoire is a key indicator used by economists and policymakers to assess the size and performance of the Ivorian economy. It allows for cross-country comparisons and analysis of long-term growth patterns.
Methodology
The data is calculated by the World Bank using national accounts and PPP exchange rate data.
Historical Context
This metric informs economic policy decisions and helps investors and analysts evaluate market opportunities.
Key Facts
- Cote d'Ivoire is the world's largest producer and exporter of cocoa beans.
- The country's economy grew by 6.2% in 2021, recovering from the COVID-19 pandemic.
- Agriculture accounts for about 20% of Cote d'Ivoire's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Cote d'Ivoire, adjusted for differences in purchasing power across countries using PPP exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized, internationally comparable measure of Cote d'Ivoire's economic output, which is crucial for assessing the country's economic performance and growth patterns.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) exchange rate data.
Q: How is this trend used in economic policy?
A: This metric informs economic policy decisions and helps investors and analysts evaluate market opportunities in Cote d'Ivoire.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and PPP exchange rate information, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Cote d'Ivoire (CGDPESCIA666NRUG), retrieved from FRED.