Real GDP at Constant National Prices for the Democratic Republic of the Congo
RGDPNACDA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,530.50
Year-over-Year Change
99.52%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of the Democratic Republic of the Congo at constant national prices. It serves as a key indicator of the country's economic growth 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
Real GDP at constant national prices is a comprehensive metric that captures the total value of all goods and services produced within the Democratic Republic of the Congo, adjusted for inflation. It is a widely used statistic for evaluating the economic performance and living standards of the country.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on official national accounts information.
Historical Context
This metric is closely monitored by policymakers, analysts, and international organizations to inform economic and development strategies.
Key Facts
- The Democratic Republic of the Congo is the largest country in sub-Saharan Africa by area.
- Agriculture accounts for over 20% of the country's GDP.
- The economy has faced significant challenges due to political instability and conflict.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the Democratic Republic of the Congo, which represents the total value of all goods and services produced in the country adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of a country's economic performance and living standards, making it highly relevant for policymakers, economists, and international organizations analyzing the Democratic Republic of the Congo's economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on official national accounts information.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, analysts, and international organizations to inform economic and development strategies for the Democratic Republic of the Congo.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates or limitations in the availability of comprehensive national accounts information for the Democratic Republic of the Congo.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for the Democratic Republic of the Congo (RGDPNACDA666NRUG), retrieved from FRED.