Real GDP at Constant National Prices for Dominica
RGDPNADMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
765.77
Year-over-Year Change
7.20%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the real Gross Domestic Product (GDP) of Dominica at constant national prices. It is a key indicator of economic growth and development in the country.
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 Dominica tracks the total value of all goods and services produced within the country, adjusted for inflation. This metric provides insight into the productive capacity and overall economic performance of the Dominican economy over time.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
Policymakers and analysts use this metric to assess the health and trajectory of the Dominican economy.
Key Facts
- Dominica is a small island nation in the Caribbean Sea.
- Real GDP growth in Dominica averaged 2.75% from 2000 to 2020.
- The Dominican economy is largely dependent on agriculture and tourism.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real Gross Domestic Product (GDP) of Dominica, which represents the total value of all goods and services produced within the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of economic growth and development in Dominica, providing insight into the productive capacity and overall performance of the Dominican economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and trajectory of the Dominican economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting or revisions by the source.
Related Trends
Real GDP at Constant National Prices for Tajikistan
RGDPNATJA666NRUG
Share of Labour Compensation in GDP at Current National Prices for Chile
LABSHPCLA156NRUG
Real GDP at Constant National Prices for Central African Republic
RGDPNACFA666NRUG
Real GDP at Constant National Prices for Mauritania
RGDPNAMRA666NRUG
Capital Stock at Constant National Prices for Maldives
RKNANPMVA666NRUG
Share of Labour Compensation in GDP at Current National Prices for Brazil
LABSHPBRA156NRUG
Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Dominica (RGDPNADMA666NRUG), retrieved from FRED.