National Accounts: Real Gross Domestic Product for Samoa
WSMNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
42.22%
Date Range
1/1/1990 - 1/1/2029
Summary
This economic indicator measures the real gross domestic product (GDP) of Samoa, which is a key metric for assessing the overall health and growth of the Samoan economy.
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 is a comprehensive measure of the total economic output of Samoa, adjusted for inflation to provide a more accurate representation of economic activity. It is widely used by economists and policymakers to evaluate Samoa's economic performance and development.
Methodology
The data is collected and calculated by the World Bank using established national accounting principles.
Historical Context
Trends in Samoa's real GDP are closely monitored for insights into the country's economic conditions and to inform policy decisions.
Key Facts
- Samoa is a small island nation in the South Pacific.
- Agriculture and tourism are key industries in Samoa's economy.
- Samoa's real GDP has experienced periods of both growth and contraction in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Samoa, which is the total value of all goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Trends in Samoa's real GDP provide important insights into the overall health and growth of the Samoan economy, which is relevant for policymakers, investors, and economists analyzing economic conditions in the country.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers in Samoa and international institutions closely monitor trends in real GDP to inform economic policies and development strategies.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the most recent data, as it takes time to collect and process the information from Samoa's national accounts.
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Citation
U.S. Federal Reserve, National Accounts: Real Gross Domestic Product for Samoa (WSMNGDPRPCPPPT), retrieved from FRED.