Expenditure-side Real GDP at Current Purchasing Power Parities for Azerbaijan
CGDPESAZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162,095.80
Year-over-Year Change
86.49%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Azerbaijan on the expenditure side, adjusted for purchasing power parity. It provides a comprehensive view of the country's economic output and is used by economists and policymakers to analyze Azerbaijan's economic performance 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
The expenditure-side real GDP at current purchasing power parities for Azerbaijan represents the total final expenditures on goods and services within the country, adjusted for differences in price levels between Azerbaijan and a reference country or region. This metric allows for more accurate international comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts information and purchasing power parity (PPP) exchange rates.
Historical Context
This GDP metric is closely monitored by economists, investors, and policymakers to assess Azerbaijan's economic growth and competitiveness relative to other countries.
Key Facts
- Azerbaijan's expenditure-side real GDP was $173.8 billion in 2021.
- The metric has grown at an average annual rate of 2.4% over the past decade.
- GDP per capita on a PPP basis was $17,400 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total final expenditures on goods and services within Azerbaijan, adjusted for differences in price levels between the country and a reference region or country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate picture of Azerbaijan's economic activity and living standards compared to using nominal GDP, allowing for better international comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information and purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers closely monitor this GDP metric to assess Azerbaijan's economic growth and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Azerbaijan (CGDPESAZA666NRUG), retrieved from FRED.