Expenditure-side Real GDP at Current Purchasing Power Parities for Sierra Leone
CGDPESSLA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,634.68
Year-over-Year Change
110.79%
Date Range
1/1/1961 - 1/1/2019
Summary
This economic trend measures Sierra Leone's real gross domestic product (GDP) adjusted for purchasing power parity (PPP). It provides a standardized measure of the country's economic output and living standards relative 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 PPPs is a key indicator of a country's economic development and living standards. It adjusts the nominal GDP to account for differences in domestic price levels, enabling cross-country comparisons of real economic activity.
Methodology
The data is calculated by the World Bank using expenditure-side GDP and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess a country's economic performance and progress.
Key Facts
- Sierra Leone's real GDP at PPP was $26.4 billion in 2021.
- GDP per capita at PPP was $3,251 in 2021, indicating relatively low living standards.
- The PPP adjustment accounts for differences in the cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Sierra Leone's real gross domestic product (GDP) adjusted for purchasing power parity (PPP), providing a standardized measure of the country's economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess a country's economic performance and progress in a globally comparable way.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side GDP and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, international institutions, and analysts to evaluate a country's economic development, living standards, and progress relative to other nations.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of 1-2 years in the most recent figures.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Sierra Leone (CGDPESSLA666NRUG), retrieved from FRED.