Output-side Real GDP at Current Purchasing Power Parities for Malawi
CGDPOSMWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,734.96
Year-over-Year Change
12.53%
Date Range
1/1/1954 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Malawi adjusted for purchasing power parity, providing insight into the country's economic output 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 key indicator of a country's economic performance, adjusting nominal GDP to account for differences in the cost of living and purchasing power across countries.
Methodology
The data is calculated by the World Bank using household consumption and other economic factors.
Historical Context
This metric is widely used by economists, policymakers, and investors to analyze Malawi's economic growth and compare its standard of living to other nations.
Key Facts
- Malawi's output-side real GDP was $7.23 billion in 2021.
- The metric has grown at an average annual rate of 4.2% over the past decade.
- Malawi's GDP per capita at purchasing power parity was $391 in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) of Malawi, adjusting for differences in purchasing power across countries to provide a more accurate assessment of the country's economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: Output-side real GDP at purchasing power parity is a key indicator used by economists, policymakers, and investors to analyze Malawi's economic performance, growth, and standard of living relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption data and other economic factors to adjust Malawi's nominal GDP for differences in purchasing power.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to assess Malawi's economic development, inform policy decisions, and compare the country's standard of living to its regional and global peers.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year. There may be limitations in accurately measuring purchasing power differences across all sectors of the Malawian economy.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Malawi (CGDPOSMWA666NRUG), retrieved from FRED.