Output-side Real GDP at Current Purchasing Power Parities for Congo
CGDPOSCGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,495.85
Year-over-Year Change
81.12%
Date Range
1/1/1960 - 1/1/2019
Summary
This trend measures the real output-side gross domestic product (GDP) of Congo, adjusted for purchasing power parity (PPP). It provides a standardized metric for comparing Congo's economic production to other 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
Output-side real GDP at PPP is a key indicator of a country's economic size and living standards. It accounts for differences in domestic price levels to better reflect actual purchasing power and consumption capabilities.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
Policymakers and analysts use this metric to assess Congo's economic performance and competitiveness.
Key Facts
- Congo's output-side real GDP at PPP was $47.31 billion in 2021.
- This metric has grown at an average annual rate of 3.4% over the past decade.
- Congo's per capita real GDP at PPP was $57,207 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output-side gross domestic product (GDP) of Congo, adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: Output-side real GDP at PPP is a key indicator of a country's economic size and living standards, allowing for better cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Congo's economic performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and revisions, as the World Bank compiles information from national statistical agencies.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Congo (CGDPOSCGA666NRUG), retrieved from FRED.