Expenditure-side Real GDP at Chained Purchasing Power Parities for Norway
RGDPESNOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
336,415.41
Year-over-Year Change
15.07%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the expenditure-side real gross domestic product (GDP) of Norway, adjusted for purchasing power parity (PPP). It provides a comprehensive indicator of Norway's economic activity and standard of living compared to other countries.
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 PPPs for Norway tracks the total value of all goods and services produced within the Norwegian economy, adjusted for inflation and differences in price levels across countries. This metric is widely used by economists and policymakers to assess Norway's economic performance and living standards relative to the global economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using national accounts information and PPP exchange rates.
Historical Context
This economic indicator is relevant for understanding Norway's macroeconomic conditions and competitiveness within international markets.
Key Facts
- Norway's real GDP at PPP was $394 billion in 2021.
- Norway's real GDP per capita at PPP was $73,000 in 2021.
- Norway's economy is highly developed with a focus on petroleum, shipping, and manufacturing industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within the Norwegian economy, adjusted for inflation and differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess Norway's economic performance and living standards relative to the global economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using national accounts information and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for understanding Norway's macroeconomic conditions and competitiveness within international markets.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with minimal update delays.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Norway (RGDPESNOA666NRUG), retrieved from FRED.