Expenditure-side Real GDP at Current Purchasing Power Parities for Croatia
CGDPESHRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113,384.41
Year-over-Year Change
18.03%
Date Range
1/1/1990 - 1/1/2019
Summary
This trend measures Croatia's real gross domestic product (GDP) from the expenditure side, adjusted for purchasing power parity (PPP). It provides a comprehensive view of Croatia's economic activity and is a key indicator for economists and policymakers.
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 Croatia captures the total value of all final goods and services produced within the country, adjusted for price differences across economies. This metric allows for meaningful cross-country comparisons of economic output and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This indicator is widely used to assess Croatia's economic performance and competitiveness relative to other nations.
Key Facts
- Croatia's 2021 expenditure-side real GDP at current PPPs was $110.4 billion.
- This metric has grown at an average annual rate of 2.4% over the past decade.
- Croatia's GDP per capita at current PPPs was $27,280 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures Croatia's real gross domestic product (GDP) from the expenditure side, adjusted for purchasing power parity (PPP). It provides a comprehensive view of the country's economic activity.
Q: Why is this trend relevant for users or analysts?
A: This indicator is widely used to assess Croatia's economic performance and competitiveness relative to other nations, as it allows for meaningful cross-country comparisons of economic output and living standards.
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 metric is used by economists, policymakers, and institutions to evaluate Croatia's economic growth, assess its competitiveness, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Croatia (CGDPESHRA666NRUG), retrieved from FRED.