Output-side Real GDP at Current Purchasing Power Parities for Lithuania
CGDPOSLTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,408.30
Year-over-Year Change
38.66%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures Lithuania's real gross domestic product (GDP) adjusted for purchasing power parity (PPP). It provides insight into the size and growth of the Lithuanian economy relative 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
The output-side real GDP at current PPPs for Lithuania represents the total value of all goods and services produced within the country, adjusted for differences in price levels across economies. This metric allows for more accurate international comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this trend to evaluate Lithuania's economic performance and competitiveness within the global marketplace.
Key Facts
- Lithuania's 2021 output-side real GDP at current PPPs was $126 billion.
- This metric has grown by an average of 3.4% annually over the past decade.
- Lithuania ranks 79th globally in terms of output-side real GDP at current PPPs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within Lithuania, adjusted for differences in price levels across economies using purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate representation of Lithuania's economic activity and living standards compared to using nominal exchange rates. It allows for better international comparisons and evaluation of the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Lithuania's economic growth, living standards, and competitiveness within the global marketplace, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, 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 Lithuania (CGDPOSLTA666NRUG), retrieved from FRED.