Output-side Real GDP at Current Purchasing Power Parities for Guatemala
CGDPOSGTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137,257.53
Year-over-Year Change
54.32%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the total real output of goods and services produced in Guatemala, adjusted for differences in purchasing power across countries. It is a key indicator of a country's economic size and growth.
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 Purchasing Power Parities (PPPs) is a measure of a country's economic production that accounts for price level differences between countries. It allows for more accurate comparisons of economic activity across nations.
Methodology
The data is calculated using exchange rates and price level indexes to convert nominal GDP to real, internationally comparable values.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to assess a country's economic performance and living standards relative to other nations.
Key Facts
- Guatemala's output-side real GDP was $79.4 billion in 2021.
- Real GDP per capita in Guatemala was $4,462 in 2021, about 15% of the U.S. level.
- Guatemala's economy grew by 5.0% in 2021 after contracting 1.5% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total real output of goods and services produced in Guatemala, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator allows for more accurate comparisons of economic activity and living standards between Guatemala and other nations.
Q: How is this data collected or calculated?
A: The data is calculated using exchange rates and price level indexes to convert nominal GDP to real, internationally comparable values.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to assess a country's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: There may be delays in data availability and revisions due to the complex process of calculating purchasing power parity adjustments.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Guatemala (CGDPOSGTA666NRUG), retrieved from FRED.