Real GDP at Constant National Prices for Gabon
RGDPNAGAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,012.29
Year-over-Year Change
43.45%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Gabon' measures the inflation-adjusted total economic output of Gabon. It is a key indicator of a country's economic health and used by policymakers to guide fiscal and monetary policies.
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
This series represents Gabon's real gross domestic product (GDP) at constant national prices, which adjusts the nominal GDP figure to account for the effects of inflation. It is a widely tracked metric that reflects the total value of all goods and services produced within Gabon's borders.
Methodology
The data is collected and calculated by the World Bank using established national accounts methodology.
Historical Context
Real GDP growth is a crucial input for economic forecasting and policy decisions in Gabon and across the Central African region.
Key Facts
- Gabon's real GDP was $16.4 billion in 2021.
- Real GDP grew by 1.5% in Gabon in 2021.
- The services sector accounts for over 50% of Gabon's real GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Real GDP at Constant National Prices for Gabon' measures the total inflation-adjusted economic output of Gabon, reflecting the value of all goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator of a country's overall economic health and performance. It is widely used by policymakers, economists, and analysts to guide fiscal, monetary, and other economic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established national accounts methodology.
Q: How is this trend used in economic policy?
A: Real GDP growth is a key input for economic forecasting and policy decisions in Gabon and the broader Central African region, informing fiscal, monetary, and other policies aimed at promoting sustainable economic development.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as national accounts data can take time to compile and publish. Users should check the most recent release date when referencing this series.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Gabon (RGDPNAGAA666NRUG), retrieved from FRED.