Expenditure-side Real GDP at Chained Purchasing Power Parities for Bahrain
RGDPESBHA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74,097.23
Year-over-Year Change
53.18%
Date Range
1/1/1970 - 1/1/2019
Summary
This metric measures the real gross domestic product (GDP) of Bahrain, adjusted for purchasing power parity (PPP). It provides a comprehensive view of the country's economic output and is a key indicator for policymakers and analysts.
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
Expenditure-side real GDP at chained PPPs is a national accounts statistic that adjusts a country's GDP for differences in price levels across economies. This allows for more accurate international comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists, international institutions, and investors to evaluate Bahrain's economic performance relative to other countries.
Key Facts
- Bahrain's real GDP at PPP was $55.4 billion in 2021.
- Bahrain's real GDP per capita at PPP was $32,305 in 2021.
- Bahrain's economy has grown at an average annual rate of 3.2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) of Bahrain, adjusted for differences in purchasing power across economies.
Q: Why is this trend relevant for users or analysts?
A: This data allows for more accurate international comparisons of economic activity and living standards, which is crucial for policymakers and investors evaluating Bahrain's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-based national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, international institutions, and investors to assess Bahrain's economic performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Bahrain (RGDPESBHA666NRUG), retrieved from FRED.