Output-side Real GDP at Current Purchasing Power Parities for Bhutan
CGDPOSBTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,979.65
Year-over-Year Change
107.13%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Bhutan adjusted for purchasing power parity (PPP). It provides insights into the size and growth of Bhutan's economy relative to other countries.
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
Output-side real GDP at current PPPs represents the total value of all goods and services produced within Bhutan's economy, adjusted for differences in price levels between Bhutan and other countries. This metric allows for meaningful cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to evaluate Bhutan's economic performance and development.
Key Facts
- Bhutan's GDP at PPP was $8.4 billion in 2021.
- Bhutan's economy grew by 3.3% in 2021 after contracting in 2020.
- Bhutan has a GDP per capita at PPP of $10,800 as of 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Bhutan, adjusting for differences in purchasing power between Bhutan and other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for meaningful comparisons of economic activity and living standards between Bhutan and other nations, providing valuable insights for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Bhutan's economic performance and development relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price information provided by Bhutan.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Bhutan (CGDPOSBTA666NRUG), retrieved from FRED.