Output-side Real GDP at Current Purchasing Power Parities for Greece
CGDPOSGRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
286,884.53
Year-over-Year Change
-17.74%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Greece, adjusted for purchasing power parity (PPP). It provides insight into the size and growth of the Greek economy compared 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 current PPPs is a measure of the size of a country's economy that takes into account differences in the cost of living between countries. It allows for more accurate comparisons of economic output across nations.
Methodology
The data is calculated by the World Bank using national accounts and PPP exchange rate data.
Historical Context
This metric is widely used by economists, policymakers, and investors to analyze the relative economic performance of Greece and benchmark it against peers.
Key Facts
- Greece's 2021 GDP at PPP was $366 billion.
- Greece's GDP per capita at PPP was $34,700 in 2021.
- Greece's economy grew by 8.3% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Greece, adjusted for purchasing power parity (PPP). It provides a more accurate comparison of Greece's economic output relative to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and investors to analyze the relative economic performance of Greece and benchmark it against peer countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity exchange rate data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP-adjusted GDP metric to evaluate the size and growth of the Greek economy compared to other countries, informing economic and trade policies.
Q: Are there update delays or limitations?
A: There can be lags of 1-2 years in the availability of this data 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 Greece (CGDPOSGRA666NRUG), retrieved from FRED.