Output-side Real GDP at Current Purchasing Power Parities for Equatorial Guinea
CGDPOSGQA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,078.70
Year-over-Year Change
36.13%
Date Range
1/1/1960 - 1/1/2019
Summary
The Output-side Real GDP at Current Purchasing Power Parities for Equatorial Guinea measures the total economic output of the country adjusted for differences in purchasing power across 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
This metric provides a standardized way to compare the real economic output of Equatorial Guinea with other nations, enabling more accurate analysis of its economic performance and development.
Methodology
The data is calculated by the World Bank using underlying national accounts and price data.
Historical Context
Policymakers and economists use this metric to assess Equatorial Guinea's economic growth and competitiveness within the global economy.
Key Facts
- Equatorial Guinea is a small country in Central Africa.
- Its economy is heavily dependent on oil and gas production.
- GDP per capita in Equatorial Guinea is among the highest in Africa.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Equatorial Guinea, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This data enables more accurate comparisons of Equatorial Guinea's economic performance and development relative to other nations.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using underlying national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Equatorial Guinea's economic growth and competitiveness within the global economy.
Q: Are there update delays or limitations?
A: The data may have a delay in reporting due to the time required for collection and analysis by the World Bank.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Equatorial Guinea (CGDPOSGQA666NRUG), retrieved from FRED.