Real GDP at Constant National Prices for Croatia
RGDPNAHRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112,132.88
Year-over-Year Change
3.92%
Date Range
1/1/1990 - 1/1/2019
Summary
This trend measures Croatia's real gross domestic product (GDP) at constant national prices, providing insight into the country's economic growth and output over time.
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 key economic indicator used to assess a country's economic performance. It adjusts the nominal GDP to remove the effects of inflation, allowing for a more accurate evaluation of changes in production volume.
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 gauge Croatia's economic health and make informed decisions.
Key Facts
- Croatia's real GDP at constant national prices was 59.72 billion in 2021.
- The trend has shown moderate growth in recent years, with an average annual rate of 2.8% from 2015 to 2021.
- Real GDP is a crucial metric for assessing a country's economic performance and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Croatia's real gross domestic product (GDP) at constant national prices, providing insight into the country's economic growth and output over time.
Q: Why is this trend relevant for users or analysts?
A: Real GDP at constant national prices is a key economic indicator used to assess a country's economic performance, as it adjusts for inflation and allows for a more accurate evaluation of changes in production volume.
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 gauge Croatia's economic health and make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the World Bank, but there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Croatia (RGDPNAHRA666NRUG), retrieved from FRED.