Output-side Real GDP at Current Purchasing Power Parities for Central African Republic
CGDPOSCFA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,653.58
Year-over-Year Change
10.33%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the output-side real gross domestic product (GDP) of the Central African Republic, adjusted for purchasing power parity (PPP). It is a key indicator of the country's economic growth and development.
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 PPPs provides a comprehensive measure of the total goods and services produced in the Central African Republic, adjusted for differences in price levels between countries. This allows for more accurate international comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze the Central African Republic's economic performance and living standards relative to other countries.
Key Facts
- Central African Republic's output-side real GDP at current PPPs was $3.72 billion in 2021.
- This metric has grown at an average annual rate of 0.2% over the past decade.
- The Central African Republic ranks 147th globally in terms of output-side real GDP at current PPPs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in the Central African Republic, adjusted for differences in price levels between countries using purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of the Central African Republic's economic activity and living standards relative to other countries, enabling better-informed policy decisions and investment analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers, international organizations, and economists use this metric to assess the Central African Republic's economic performance, guide policy decisions, and compare the country's living standards to its peers.
Q: Are there update delays or limitations?
A: There can be delays of up to two years in the availability of this data due to the time required for national accounts compilation and PPP calculations.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Central African Republic (CGDPOSCFA666NRUG), retrieved from FRED.