Expenditure-side Real GDP at Current Purchasing Power Parities for Philippines
CGDPESPHA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
883,988.19
Year-over-Year Change
99.49%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of the Philippines, adjusted for purchasing power parity (PPP). It provides a comprehensive picture of the country's economic activity and performance.
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 the Philippines is a key indicator used by economists and policymakers to analyze the country's economic growth and development. It allows for cross-country comparisons of living standards and productivity.
Methodology
The data is collected and calculated by the World Bank using a range of economic indicators and statistical methods.
Historical Context
This trend is widely used by institutions, analysts, and policymakers to inform economic and trade policies.
Key Facts
- The Philippines is one of the fastest-growing economies in Southeast Asia.
- GDP per capita in the Philippines has more than doubled since 2000.
- The Philippines is a major recipient of foreign direct investment in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the Philippines, adjusted for purchasing power parity (PPP). It provides a comprehensive picture of the country's economic activity and performance.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator used by economists and policymakers to analyze the Philippines' economic growth and development. It allows for cross-country comparisons of living standards and productivity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using a range of economic indicators and statistical methods.
Q: How is this trend used in economic policy?
A: This trend is widely used by institutions, analysts, and policymakers to inform economic and trade policies for the Philippines and in the broader Southeast Asian region.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Philippines (CGDPESPHA666NRUG), retrieved from FRED.