Output-side Real GDP at Current Purchasing Power Parities for Saint Lucia
CGDPOSLCA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,625.15
Year-over-Year Change
45.27%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real output-side gross domestic product (GDP) of Saint Lucia, adjusted for purchasing power parity (PPP). It provides insights into the overall size and growth of the Saint Lucian 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 for Saint Lucia is a key measure of the country's economic performance. It reflects the total value of goods and services produced within Saint Lucia, adjusted for differences in price levels between countries to enable cross-country comparisons.
Methodology
The data is calculated by the World Bank using national accounts statistics and PPP conversion factors.
Historical Context
Policymakers and analysts use this metric to evaluate Saint Lucia's economic development and competitiveness within the global marketplace.
Key Facts
- Saint Lucia's output-side real GDP at current PPPs was $2.58 billion in 2021.
- This metric grew by 7.8% in 2021 as the economy recovered from the COVID-19 pandemic.
- Saint Lucia's real GDP per capita at current PPPs was $14,302 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services produced within Saint Lucia, adjusted for differences in price levels between countries using purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall size and growth of the Saint Lucian economy, enabling cross-country comparisons and evaluation of the country's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Saint Lucia's economic performance and guide policy decisions related to economic growth, international trade, and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Saint Lucia (CGDPOSLCA666NRUG), retrieved from FRED.