Constant GDP per capita for the Islamic Republic of Iran
NYGDPPCAPKDIRN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,778.66
Year-over-Year Change
14.23%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the constant GDP per capita for the Islamic Republic of Iran. It is a key indicator of economic development and living standards in the country.
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
Constant GDP per capita is a measure of the total economic output of a country divided by its population, adjusted for inflation. It provides insights into the average standard of living and productivity within Iran's economy.
Methodology
The data is calculated by the World Bank using official national accounts and population statistics.
Historical Context
This metric is widely used by economists, policymakers, and investors to analyze Iran's economic performance and growth trajectory.
Key Facts
- Iran's constant GDP per capita was $5,746 in 2021.
- GDP per capita has grown by 58% in Iran since 2000.
- Iran's economy relies heavily on oil exports and natural gas production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the constant GDP per capita for the Islamic Republic of Iran, which represents the country's total economic output divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a key indicator of economic development and living standards in Iran. It provides insights into the country's productivity and average standard of living, which are crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official national accounts and population statistics for Iran.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and investors use this metric to analyze Iran's economic performance, growth trajectory, and living standards, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year. There may be limitations in the availability or accuracy of underlying national data sources.
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Citation
U.S. Federal Reserve, Constant GDP per capita for the Islamic Republic of Iran (NYGDPPCAPKDIRN), retrieved from FRED.