Output-side Real GDP at Current Purchasing Power Parities for Malaysia
CGDPOSMYA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
818,144.56
Year-over-Year Change
67.97%
Date Range
1/1/1955 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Malaysia, adjusted for purchasing power parity (PPP). It provides insights into the size and growth of the Malaysian 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
Real GDP at current PPPs is a key indicator of a country's economic performance and living standards. It accounts for price level differences across economies, enabling more accurate international comparisons of output and productivity.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Policymakers and analysts use this metric to evaluate Malaysia's economic development and competitiveness.
Key Facts
- Malaysia's real GDP at current PPPs was $1.01 trillion in 2021.
- Malaysia's real GDP per capita at current PPPs was $31,126 in 2021.
- Malaysia's real GDP growth rate was 3.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Malaysia, adjusted for purchasing power parity (PPP). It provides a more accurate comparison of Malaysia's economic output relative to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating Malaysia's economic performance and living standards compared to other nations, as it accounts for differences in price levels across economies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Malaysia's economic development, competitiveness, and progress towards achieving its economic goals.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the latest data, as the World Bank compiles and releases the information on a regular basis.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Malaysia (CGDPOSMYA666NRUG), retrieved from FRED.