Real GDP at Constant National Prices for Mozambique
RGDPNAMZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,393.83
Year-over-Year Change
95.61%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Mozambique' trend measures the inflation-adjusted gross domestic product of Mozambique, a key indicator of the country's economic growth and development.
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 economic series tracks the real (inflation-adjusted) value of Mozambique's total economic output, providing insights into the overall health and trajectory of the country's economy. It is a widely-used metric by economists, policymakers, and investors to evaluate Mozambique's macroeconomic performance.
Methodology
The data is calculated by the World Bank using national accounts statistics and price deflators.
Historical Context
Real GDP trends are crucial for assessing Mozambique's economic policies and informing investment decisions.
Key Facts
- Mozambique's real GDP grew by 2.2% in 2021.
- Agriculture accounts for nearly 25% of Mozambique's GDP.
- Mozambique's economy is heavily dependent on extractive industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted gross domestic product of Mozambique, providing a gauge of the country's overall economic output and growth.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator for evaluating Mozambique's macroeconomic performance, informing economic policies, and guiding investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and price deflators.
Q: How is this trend used in economic policy?
A: Real GDP trends are used by policymakers, economists, and investors to assess Mozambique's economic conditions and the impacts of its policies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the accuracy of the figures can be influenced by changes in national accounting methodologies.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Mozambique (RGDPNAMZA666NRUG), retrieved from FRED.