Expenditure-side Real GDP at Chained Purchasing Power Parities for Iraq
RGDPESIQA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
451,417.13
Year-over-Year Change
94.29%
Date Range
1/1/1970 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Iraq based on expenditure-side calculations and 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 Iraq is a key economic indicator used to assess the size and growth of the Iraqi economy relative to other countries. It adjusts the nominal GDP to account for differences in price levels, allowing 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 is widely referenced by economists, policymakers, and investors to evaluate Iraq's economic performance and development.
Key Facts
- Iraq's 2021 expenditure-side real GDP was $302.8 billion.
- Real GDP growth in Iraq was 3.3% in 2021.
- Iraq's GDP per capita at PPP was $7,732 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Iraq, adjusting for differences in purchasing power to allow for cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and investors to evaluate the size and growth of the Iraqi economy in relation to other countries.
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 is referenced by institutions to assess Iraq's economic performance and development, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data may have a delay of several months before being published and may not fully capture the informal economy.
Related Trends
Output-side Real GDP at chained Purchasing Power Parities for Israel
RGDPOSILA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Finland
RGDPESFIA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Mongolia
RGDPESMNA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Lebanon
RGDPESLBA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Madagascar
RGDPESMGA666NRUG
Number of Persons Engaged for Lebanon
EMPENGLBA148NRUG
Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Iraq (RGDPESIQA666NRUG), retrieved from FRED.