Expenditure-side Real GDP at Current Purchasing Power Parities for Singapore
CGDPESSGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
512,273.22
Year-over-Year Change
51.47%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures Singapore's real GDP based on purchasing power parity (PPP), providing a more accurate comparison of economic output 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 represents the total value of all goods and services produced within Singapore, adjusted for differences in price levels between Singapore and the United States. This metric is widely used by economists and policymakers to assess a country's economic performance and living standards relative to other nations.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
This trend is critical for evaluating Singapore's economic competitiveness and informing cross-country policy decisions.
Key Facts
- Singapore's 2021 GDP at PPP was $1.19 trillion.
- Singapore ranks 37th globally in GDP per capita at PPP.
- PPP-adjusted GDP better reflects living standards than nominal GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures Singapore's real GDP adjusted for differences in purchasing power parity (PPP) compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted GDP metric provides a more accurate assessment of Singapore's economic output and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is critical for evaluating Singapore's economic competitiveness and informing cross-country policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Singapore (CGDPESSGA666NRUG), retrieved from FRED.