Expenditure-side Real GDP at Chained Purchasing Power Parities for Jordan
RGDPESJOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102,984.90
Year-over-Year Change
134.48%
Date Range
1/1/1954 - 1/1/2019
Summary
This economic indicator measures the real Gross Domestic Product (GDP) of Jordan from an expenditure-side perspective, adjusted for purchasing power parity. It provides insights into the overall economic performance and living standards of the Jordanian economy.
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 for Jordan is a comprehensive measure of the country's economic output, taking into account the purchasing power of the local currency. It is used by economists and policymakers to analyze Jordan's economic growth, make international comparisons, and inform policy decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Historical Context
This trend is crucial for understanding Jordan's economic development and its position within the global economy.
Key Facts
- Jordan's real GDP adjusted for purchasing power was $48.7 billion in 2020.
- The Jordanian economy grew by 2.0% in 2021 after contracting in 2020 due to the COVID-19 pandemic.
- Jordan's per capita real GDP at PPP was $4,700 in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real Gross Domestic Product (GDP) of Jordan, adjusting for differences in purchasing power between the local currency and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a comprehensive and comparable measure of Jordan's economic output, allowing analysts to assess the country's economic performance, living standards, and position relative to other economies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international institutions to monitor Jordan's economic development, inform policy decisions, and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is typically updated with a lag, and there may be revisions to historical values as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Jordan (RGDPESJOA666NRUG), retrieved from FRED.