Real GDP at Constant National Prices for Yemen
RGDPNAYEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,069.59
Year-over-Year Change
-51.57%
Date Range
1/1/1989 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Yemen' series measures the inflation-adjusted gross domestic product of Yemen, providing insight into 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 indicator tracks the total value of all goods and services produced within Yemen, adjusted for changes in prices over time. It is a key metric used by economists and policymakers to analyze Yemen's macroeconomic performance and long-term economic trends.
Methodology
The data is collected and calculated by the World Bank using national accounts statistics.
Historical Context
Trends in Yemen's real GDP are closely monitored by international institutions and investors to assess the health of the Yemeni economy.
Key Facts
- Yemen's real GDP has experienced volatility in recent years due to political and economic instability.
- The services sector accounts for the largest share of Yemen's GDP, followed by industry and agriculture.
- Fluctuations in global oil prices significantly impact Yemen's economy, as oil exports are a major source of government revenue.
FAQs
Q: What does this economic trend measure?
A: The 'Real GDP at Constant National Prices for Yemen' series measures the total value of all goods and services produced within Yemen, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Yemen's economic performance and is closely monitored by economists, policymakers, and investors to assess the country's macroeconomic conditions and growth trajectory.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts statistics.
Q: How is this trend used in economic policy?
A: Trends in Yemen's real GDP are used by international institutions and analysts to evaluate the health of the Yemeni economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations due to the ongoing political and economic challenges in Yemen.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Yemen (RGDPNAYEA666NRUG), retrieved from FRED.