Expenditure-side Real GDP at Current Purchasing Power Parities for Madagascar
CGDPESMGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,323.78
Year-over-Year Change
50.65%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real GDP of Madagascar, adjusted for differences in purchasing power between countries. It provides a more accurate comparison of living standards and economic activity across 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 key indicator of a country's economic size and development. It accounts for price level differences between countries, offering a better basis for international comparisons than market exchange rates.
Methodology
The data is calculated by the World Bank using household consumption, government consumption, capital formation, and net exports, adjusted for PPP.
Historical Context
Policymakers and analysts use this metric to evaluate Madagascar's economic performance and living standards relative to other countries.
Key Facts
- Madagascar's 2021 real GDP was $37.4 billion.
- Its per capita real GDP was $1,336 in 2021.
- Madagascar's economy grew by 4.4% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Madagascar, adjusted for differences in purchasing power between countries. It provides a more accurate comparison of living standards and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Madagascar's economic performance and living standards relative to other countries, as it accounts for price level differences that distort comparisons based on market exchange rates.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption, government consumption, capital formation, and net exports, adjusted for purchasing power parity (PPP).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Madagascar's economic size, development, and living standards compared to other countries, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year. There may be limitations in data quality or coverage for some countries.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Madagascar (CGDPESMGA666NRUG), retrieved from FRED.