Gross Domestic Product for Caribbean
CRBNGDPRPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.95
Year-over-Year Change
139.89%
Date Range
1/1/2012 - 1/1/2021
Summary
The Caribbean Gross Domestic Product (GDP) growth rate measures the quarterly change in the total economic output of the Caribbean region. This key indicator provides insight into the overall health and trajectory of the Caribbean 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
The Caribbean GDP growth rate tracks the percentage change in the total value of all goods and services produced within the Caribbean countries. It is a widely-used metric for assessing the region's economic performance and can inform policy decisions and investment strategies.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on economic output statistics from Caribbean nations.
Historical Context
The Caribbean GDP growth rate is closely monitored by economists, investors, and policymakers to gauge the economic conditions and outlook for the region.
Key Facts
- The Caribbean region includes nations such as Jamaica, Trinidad and Tobago, and the Bahamas.
- GDP is the primary measure of a region's economic activity and living standards.
- Quarterly GDP growth rates can signal turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Caribbean GDP growth rate measures the quarterly percentage change in the total economic output of the Caribbean region.
Q: Why is this trend relevant for users or analysts?
A: The Caribbean GDP growth rate is a key indicator of the region's economic health and can inform investment decisions and policy discussions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on economic output statistics from Caribbean nations.
Q: How is this trend used in economic policy?
A: The Caribbean GDP growth rate is closely monitored by economists, investors, and policymakers to gauge the economic conditions and outlook for the region.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting or limitations due to the availability of economic statistics from individual Caribbean countries.
Related Trends
General Government Net Lending/Borrowing for Caribbean
CRBGGXCNLGDP
Value of Exports to Netherlands Antilles from U.S. Virgin Islands
VIANHHA052SCEN
Consumer Prices for Caribbean
CRBPCPIEPCH
Purchasing Power Parity, Share of World for Caribbean
CRBPPPSH
General Government Primary Net Lending/Borrowing for Caribbean
CRBGGXONLBGDP
Number of Identified Exporters to Netherlands Antilles from U.S. Virgin Islands
VIANHHA475SCEN
Citation
U.S. Federal Reserve, Gross Domestic Product for Caribbean (CRBNGDPRPCH), retrieved from FRED.