Output-side Real GDP at Current Purchasing Power Parities for Nepal
CGDPOSNPA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103,970.75
Year-over-Year Change
146.75%
Date Range
1/1/1960 - 1/1/2019
Summary
This trend measures Nepal's real gross domestic product (GDP) adjusted for purchasing power parity (PPP). It is a key indicator of 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
Output-side real GDP at current PPPs represents the total value of goods and services produced in Nepal, adjusted for differences in purchasing power across countries. This metric allows for more accurate cross-country comparisons of economic activity.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Nepal's economic performance and living standards relative to other nations.
Key Facts
- Nepal's real GDP at PPP was $36.4 billion in 2021.
- Nepal's real GDP per capita at PPP was $1,239 in 2021.
- Nepal's real GDP growth rate was 4.4% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in Nepal, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic activity and living standards, which is valuable for economists, policymakers, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used to assess Nepal's economic performance and living standards relative to other nations, informing policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and PPP information, which may result in periodic update delays.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Nepal (CGDPOSNPA666NRUG), retrieved from FRED.