Output-side Real GDP at Current Purchasing Power Parities for the former Yugoslav Republic of Macedonia
CGDPOSMKA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,106.09
Year-over-Year Change
55.31%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the real GDP of the former Yugoslav Republic of Macedonia, adjusted for purchasing power parity. It is a key indicator of the country's economic output and living standards.
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 overall economic production, adjusted to account for differences in the cost of living between countries. It provides a more accurate comparison of living standards and productivity across nations.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is widely used by economists and policymakers to assess the relative economic performance and development of countries.
Key Facts
- Macedonia's real GDP PPP was $33.6 billion in 2021.
- Macedonia's real GDP PPP per capita was $16,126 in 2021.
- Macedonia's real GDP PPP has grown by 36% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real GDP of the former Yugoslav Republic of Macedonia, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic productivity across nations than unadjusted GDP.
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 economists use this metric to assess the relative economic performance and development of countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture recent economic changes.
Related Trends
Expenditure-side Real GDP at Current Purchasing Power Parities for Israel
CGDPESILA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Djibouti
CGDPESDJA666NRUG
Capital stock at Current Purchasing Power Parities for Croatia
CKSPPPHRA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Central African Republic
CGDPOSCFA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Ecuador
CGDPESECA666NRUG
Capital stock at Current Purchasing Power Parities for Hong Kong
CKSPPPHKA666NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for the former Yugoslav Republic of Macedonia (CGDPOSMKA666NRUG), retrieved from FRED.