Output-side Real GDP at Current Purchasing Power Parities for Sri Lanka
CGDPOSLKA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
283,475.25
Year-over-Year Change
102.87%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures Sri Lanka's real gross domestic product (GDP) based on current purchasing power parity. It provides insights into the country's economic growth and development.
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 is a measure of a country's economic output adjusted for differences in the cost of living across countries. It allows for more accurate comparisons of living standards and productivity between economies.
Methodology
The data is collected and calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Sri Lanka's economic performance and competitiveness.
Key Facts
- Sri Lanka's output-side real GDP at current PPP was $293 billion in 2021.
- This measure has grown at an average annual rate of 4.7% over the past decade.
- Sri Lanka's GDP per capita at current PPP was $13,103 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Sri Lanka's real gross domestic product (GDP) adjusted for differences in the cost of living, using current purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of living standards and productivity between Sri Lanka and other countries, which is useful for economists, policymakers, and international organizations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This trend is widely used to assess Sri Lanka's economic performance and competitiveness, which informs policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Sri Lanka (CGDPOSLKA666NRUG), retrieved from FRED.