Output-side Real GDP at Current Purchasing Power Parities for Ethiopia
CGDPOSETA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
304,722.56
Year-over-Year Change
310.21%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the real output-side gross domestic product (GDP) of Ethiopia, adjusted for purchasing power parity (PPP). It is a key statistic for assessing the overall size and performance of the Ethiopian economy.
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
The output-side real GDP at current PPPs represents the total value of goods and services produced in Ethiopia, adjusted to account for differences in purchasing power across countries. This metric 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 price data.
Historical Context
Policy makers and analysts use this metric to evaluate Ethiopia's economic development and competitiveness.
Key Facts
- Ethiopia's output-side real GDP at PPP was $236 billion in 2021.
- This metric has grown at an average annual rate of 6.5% over the past decade.
- Ethiopia accounts for over 20% of total economic output in East Africa.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services produced in Ethiopia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate international comparisons of economic activity and living standards in Ethiopia, which is crucial for policy makers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policy makers and analysts use this metric to evaluate Ethiopia's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture informal economic activity in Ethiopia.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Ethiopia (CGDPOSETA666NRUG), retrieved from FRED.