Real GDP at Constant National Prices for Madagascar
RGDPNAMGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,965.42
Year-over-Year Change
36.98%
Date Range
1/1/1960 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Madagascar is a key indicator of the overall economic performance and living standards in the country. It measures the total output of goods and services produced within Madagascar, adjusted for inflation.
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 metric represents the real, inflation-adjusted value of Madagascar's gross domestic product (GDP), which is the broadest measure of economic activity. It is used by economists and policymakers to assess the state of the Malagasy economy and inform economic policies.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
Trends in real GDP per capita are closely watched by international institutions and investors to gauge Madagascar's economic health and development.
Key Facts
- Madagascar's real GDP grew by 4.4% in 2021.
- Agriculture accounts for over 25% of Madagascar's GDP.
- Madagascar's economy is heavily dependent on tourism and vanilla exports.
FAQs
Q: What does this economic trend measure?
A: The Real GDP at Constant National Prices for Madagascar measures the total output of goods and services produced within the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Madagascar's overall economic performance and living standards, and is closely monitored by economists, policymakers, and investors.
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: Trends in real GDP per capita are used by international institutions and investors to assess Madagascar's economic health and development, which informs economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can have a delay in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Madagascar (RGDPNAMGA666NRUG), retrieved from FRED.