Expenditure-side Real GDP at Current Purchasing Power Parities for Nepal
CGDPESNPA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,171.51
Year-over-Year Change
122.28%
Date Range
1/1/1960 - 1/1/2019
Summary
This trend measures the total economic output of Nepal, adjusted for differences in purchasing power across countries. It provides a standardized measure of real GDP that enables international comparisons.
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
Expenditure-side real GDP at current purchasing power parities (PPPs) is a key indicator of a country's economic size and development. It accounts for price level differences between countries to give a more accurate picture of relative living standards and productivity.
Methodology
The data is calculated by the World Bank using household consumption, government consumption, capital formation, and net exports.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess Nepal's economic performance and living standards relative to other countries.
Key Facts
- Nepal's 2021 expenditure-side real GDP at current PPPs was $44.58 billion.
- This metric grew at an average annual rate of 4.7% from 2010 to 2021.
- Nepal ranks 91st globally in terms of total expenditure-side real GDP at current PPPs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Nepal, adjusted for differences in purchasing power across countries. It provides a standardized measure of real GDP that enables international comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess Nepal's economic performance and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption, government consumption, capital formation, and net exports.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate Nepal's economic development and living standards compared to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The World Bank publishes this data annually, with a lag of about 1-2 years. There may be limitations in data quality or comparability across countries.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Nepal (CGDPESNPA666NRUG), retrieved from FRED.