Output-side Real GDP at Current Purchasing Power Parities for Serbia
CGDPOSRSA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121,193.11
Year-over-Year Change
29.88%
Date Range
1/1/1990 - 1/1/2019
Summary
This trend measures the real output-side gross domestic product (GDP) of Serbia, adjusted for purchasing power parity (PPP). It provides insight into the overall size and productivity of the Serbian economy.
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 PPPs is a comprehensive metric used to compare the economic output of different countries. It accounts for differences in price levels, allowing more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze economic performance and living standards across countries.
Key Facts
- Serbia's output-side real GDP at current PPPs was $146 billion in 2021.
- Serbia's GDP per capita at current PPPs was $21,071 in 2021.
- Output-side real GDP at current PPPs grew by 7.5% in Serbia in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output-side gross domestic product (GDP) of Serbia, adjusted for purchasing power parity (PPP). It provides a comprehensive metric for comparing the overall economic output and productivity of the Serbian economy.
Q: Why is this trend relevant for users or analysts?
A: Output-side real GDP at current PPPs is a widely used indicator for assessing and comparing the economic performance and living standards across different countries. It is relevant for economists, policymakers, and international organizations analyzing Serbia's economic development 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: This metric is used by economists, policymakers, and international organizations to analyze Serbia's economic performance, productivity, and living standards in comparison to other countries. It informs policy decisions related to economic development, trade, and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a typical update delay of 1-2 years. The metric may be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Serbia (CGDPOSRSA666NRUG), retrieved from FRED.