Expenditure-side Real GDP at Current Purchasing Power Parities for Oman
CGDPESOMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146,395.11
Year-over-Year Change
20.16%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the expenditure-side real gross domestic product (GDP) of Oman adjusted for purchasing power parity. It provides insights into the real output and growth of Oman's 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
The expenditure-side real GDP at current purchasing power parities for Oman tracks the total value of all goods and services produced within Oman's economy, adjusted for differences in purchasing power across countries. This metric is useful for international comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the World Bank using a variety of national accounts sources.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze Oman's economic performance and development.
Key Facts
- Oman's expenditure-side real GDP was $191.78 billion in 2021.
- GDP growth in Oman was 3.1% in 2021.
- Oman's economy is heavily dependent on oil and gas exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within Oman's economy, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for international comparisons of economic activity and living standards, providing insights into Oman's real economic output and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using a variety of national accounts sources.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to analyze Oman's economic performance and development.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank's national accounts sources.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Oman (CGDPESOMA666NRUG), retrieved from FRED.