Expenditure-side Real GDP at Current Purchasing Power Parities for Germany
CGDPESDEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,297,892.00
Year-over-Year Change
24.88%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures Germany's real GDP based on purchasing power parity (PPP), providing a more accurate comparison of living standards 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
Expenditure-side real GDP at current PPPs is a key metric for evaluating economic performance and living standards in Germany relative to other nations. It accounts for differences in price levels to better reflect residents' purchasing power.
Methodology
The data is calculated by the OECD using market exchange rates and price levels.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Germany's economic competitiveness and progress.
Key Facts
- Germany's 2021 expenditure-side real GDP at current PPPs was $4.66 trillion.
- This metric grew by 2.9% in 2021 after a 4.6% decline in 2020 due to the COVID-19 pandemic.
- Germany has the largest economy in the European Union based on this PPP-adjusted GDP measure.
FAQs
Q: What does this economic trend measure?
A: This trend measures Germany's real gross domestic product (GDP) adjusted for differences in purchasing power parity (PPP) across countries.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted GDP metric provides a more accurate comparison of living standards and economic performance between Germany and other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using market exchange rates and price levels.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and international organizations use this PPP-adjusted GDP trend to assess Germany's economic competitiveness and progress relative to its peers.
Q: Are there update delays or limitations?
A: The OECD publishes this data on an annual basis, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Germany (CGDPESDEA666NRUG), retrieved from FRED.