Expenditure-side Real GDP at Chained Purchasing Power Parities for Armenia
RGDPESAMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,048.63
Year-over-Year Change
80.83%
Date Range
1/1/1990 - 1/1/2019
Summary
This metric measures the real gross domestic product (GDP) of Armenia from the expenditure side, adjusted for purchasing power parity. It provides a standardized measure of economic output for 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
The expenditure-side real GDP at chained purchasing power parities (PPPs) for Armenia is a key economic indicator used to evaluate the country's economic performance and living standards relative to other nations. It accounts for differences in price levels between countries to enable more accurate cross-country comparisons.
Methodology
The data is calculated by the World Bank using household consumption, government consumption, gross capital formation, and net exports.
Historical Context
This metric informs policymakers and analysts about Armenia's economic growth and competitiveness within the global economy.
Key Facts
- Armenia's expenditure-side real GDP at chained PPPs was $36.4 billion in 2021.
- This metric has grown at an average annual rate of 4.8% over the past decade.
- Armenia's GDP per capita at chained PPPs was $12,200 in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) of Armenia from the expenditure side, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a standardized measure of Armenia's economic output that enables more accurate international comparisons and analysis of the country's economic performance and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption, government consumption, gross capital formation, and net exports.
Q: How is this trend used in economic policy?
A: This metric informs policymakers and analysts about Armenia's economic growth and competitiveness within the global economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Armenia (RGDPESAMA666NRUG), retrieved from FRED.