Output-side Real GDP at Current Purchasing Power Parities for Albania
CGDPOSALA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,288.33
Year-over-Year Change
55.98%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the output-side real GDP of Albania, adjusted for purchasing power parity. It is a key indicator of the country's economic growth and productivity.
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
Output-side real GDP at current purchasing power parities (PPPs) provides a standardized measure of the size of a country's economy, allowing for cross-country comparisons. It is a widely used metric for evaluating economic performance and development.
Methodology
The data is collected and calculated by the World Bank using a range of economic indicators and survey data.
Historical Context
Policymakers and analysts use this trend to assess Albania's economic position relative to other countries and track its growth trajectory over time.
Key Facts
- Albania's output-side real GDP was $36.31 billion in 2021.
- The country's GDP growth rate was 3.5% in 2021.
- Albania's GDP per capita at PPP was $12,590 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output-side real GDP of Albania, adjusted for purchasing power parity. It provides a standardized measure of the size and productivity of Albania's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of Albania's economic performance and development. It allows for cross-country comparisons and is widely used by policymakers and analysts to assess the country's economic position and growth trajectory.
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 survey data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Albania's economic position relative to other countries and to inform policy decisions aimed at promoting economic growth and development.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with some potential for delays in data reporting. There may also be limitations in the accuracy of cross-country comparisons due to differences in data collection and methodologies.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Albania (CGDPOSALA666NRUG), retrieved from FRED.