Expenditure-side Real GDP at Current Purchasing Power Parities for Guinea-Bissau
CGDPESGWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,266.13
Year-over-Year Change
61.30%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the expenditure-side real GDP of Guinea-Bissau adjusted for differences in purchasing power between countries. It provides a standardized metric for comparing Guinea-Bissau's economic output to other nations.
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 purchasing power parities (PPPs) is a measure of a country's economic production that accounts for differences in the cost of living between countries. This allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is collected by the World Bank using household consumption surveys and other sources to calculate PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze Guinea-Bissau's economic performance and development relative to peers.
Key Facts
- Guinea-Bissau's 2021 expenditure-side real GDP at current PPPs was $3.4 billion.
- Guinea-Bissau's real GDP per capita at current PPPs was $1,785 in 2021.
- The PPP conversion factor for Guinea-Bissau was 127.78 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures Guinea-Bissau's expenditure-side real GDP adjusted for differences in purchasing power between countries. It provides a standardized metric for comparing the country's economic output to other nations.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic activity and living standards, making it highly relevant for economists, policymakers, and international institutions analyzing Guinea-Bissau's economic performance and development.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank using household consumption surveys and other sources to calculate purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to analyze Guinea-Bissau's economic performance and development relative to its peers, informing policy decisions and assessments.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in the underlying household survey data used to calculate the PPP conversion factors.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Guinea-Bissau (CGDPESGWA666NRUG), retrieved from FRED.