Real GDP at Constant National Prices for Cote d'Ivoire
RGDPNACIA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126,227.23
Year-over-Year Change
166.25%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Cote d'Ivoire, adjusted for inflation. It is a key metric for assessing the overall health and growth of the Ivorian 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
Real GDP at Constant National Prices for Cote d'Ivoire represents the total value of all goods and services produced within the country, with the effects of price changes removed. This data is widely used by economists, policymakers, and investors to evaluate economic performance and development.
Methodology
The data is calculated by the World Bank using national accounts statistics and price deflators.
Historical Context
Trends in real GDP are closely monitored by international institutions and markets to gauge the macroeconomic conditions in Cote d'Ivoire.
Key Facts
- Cote d'Ivoire is the world's largest producer and exporter of cocoa beans.
- The country's economy is heavily dependent on agriculture, which accounts for about 20% of GDP.
- Real GDP growth in Cote d'Ivoire averaged 6.7% from 2012 to 2019.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Cote d'Ivoire, adjusting for the effects of inflation to provide a more accurate assessment of economic growth.
Q: Why is this trend relevant for users or analysts?
A: Trends in real GDP are a crucial metric for evaluating the overall health and performance of the Ivorian economy, and are closely monitored by policymakers, investors, and international institutions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and price deflators.
Q: How is this trend used in economic policy?
A: Movements in real GDP are used by economists and policymakers to assess macroeconomic conditions, guide fiscal and monetary policies, and inform investment decisions in Cote d'Ivoire.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it relies on national accounts statistics that can take time to compile and publish.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Cote d'Ivoire (RGDPNACIA666NRUG), retrieved from FRED.