Real GDP at Constant National Prices for Zambia
RGDPNAZMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,282.27
Year-over-Year Change
89.24%
Date Range
1/1/1955 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Zambia' metric measures the total economic output of Zambia, adjusted for inflation, and is a key indicator of the country's economic health and growth.
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 Zambia's real gross domestic product (GDP) at constant national prices, providing a standardized measure of the total value of goods and services produced within the country. It is a widely-used macroeconomic indicator for analyzing Zambia's economic performance over time.
Methodology
The data is collected and calculated by the World Bank using national accounts information.
Historical Context
This metric is closely monitored by policymakers, economists, and investors to assess Zambia's economic trajectory and guide economic and financial decisions.
Key Facts
- Zambia's real GDP grew by 4.9% in 2021.
- The service sector accounts for over 50% of Zambia's GDP.
- Copper exports are a major driver of Zambia's economic output.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total output of goods and services produced within Zambia, adjusted for inflation, providing a standardized indicator of the country's economic performance.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial macroeconomic indicator used by policymakers, economists, and investors to assess Zambia's economic growth, identify trends, and guide economic and financial decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by Zambian policymakers and international institutions to evaluate the country's economic health, formulate fiscal and monetary policies, and inform investment decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Zambia (RGDPNAZMA666NRUG), retrieved from FRED.