Real GDP at Constant National Prices for Guatemala
RGDPNAGTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136,121.19
Year-over-Year Change
46.43%
Date Range
1/1/1950 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Guatemala measures the total value of goods and services produced in Guatemala, adjusted for inflation. This metric is a key indicator of the country's economic growth and performance.
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 the real gross domestic product (GDP) of Guatemala, calculated using constant national prices to account for changes in price levels over time. It is a widely-used macroeconomic indicator that allows for comparisons of economic activity across different periods.
Methodology
The data is collected and calculated by the World Bank using established national accounting practices.
Historical Context
Policymakers and analysts use this trend to assess Guatemala's economic health and make informed decisions.
Key Facts
- Guatemala's real GDP grew by 3.1% in 2021.
- The service sector accounts for over 60% of Guatemala's GDP.
- Agriculture remains an important part of the Guatemalan economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in Guatemala, adjusted for inflation. It is a key indicator of the country's economic growth and performance.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by policymakers, economists, and analysts to assess Guatemala's economic health and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established national accounting practices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Guatemala's economic growth and performance, which informs policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the World Bank, and may have some delay in reporting compared to real-time economic activity.
Related Trends
Real GDP at Constant National Prices for Cote d'Ivoire
RGDPNACIA666NRUG
Real GDP at Constant National Prices for Grenada
RGDPNAGDA666NRUG
Total Factor Productivity at Constant National Prices for South Africa
RTFPNAZAA632NRUG
Capital Stock at Constant National Prices for Indonesia
RKNANPIDA666NRUG
Capital Stock at Constant National Prices for Uruguay
RKNANPUYA666NRUG
Capital Stock at Constant National Prices for Gambia
RKNANPGMA666NRUG
Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Guatemala (RGDPNAGTA666NRUG), retrieved from FRED.