Expenditure-side Real GDP at Chained Purchasing Power Parities for Nepal
RGDPESNPA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,801.11
Year-over-Year Change
130.48%
Date Range
1/1/1960 - 1/1/2019
Summary
This measure represents the real gross domestic product (GDP) of Nepal, adjusted for differences in purchasing power across countries. It provides a more accurate comparison of economic activity and living standards between Nepal and other nations.
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 purchasing power parities (PPPs) is an internationally comparable measure of economic output that accounts for price level differences across countries. It is a key indicator used by economists and policymakers to assess Nepal's economic performance and living standards relative to its global peers.
Methodology
The data is calculated by the World Bank using household consumption, government consumption, gross capital formation, and net exports, adjusted for price level differences.
Historical Context
This trend is widely referenced by international organizations, investors, and analysts to gauge Nepal's economic competitiveness and development progress.
Key Facts
- Nepal's real GDP at PPP was $90.8 billion in 2021.
- Nepal's real GDP per capita at PPP was $3,107 in 2021.
- Nepal's economy grew by 3.9% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: This measure represents the real gross domestic product (GDP) of Nepal, adjusted for differences in purchasing power across countries. It provides a more accurate comparison of economic activity and living standards between Nepal and other nations.
Q: Why is this trend relevant for users or analysts?
A: This internationally comparable GDP measure is widely used by economists, policymakers, and investors to assess Nepal's economic performance and development relative to its global peers.
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, adjusted for price level differences.
Q: How is this trend used in economic policy?
A: This trend is referenced by international organizations, investors, and analysts to gauge Nepal's economic competitiveness and development progress, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid economic changes within Nepal.
Related Trends
Population for Ethiopia
POPTTLETA148NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Albania
RGDPESALA666NRUG
Number of Persons Engaged for Gambia
EMPENGGMA148NRUG
Population for Angola
POPTTLAOA148NRUG
Output-side Real GDP at chained Purchasing Power Parities for Benin
RGDPOSBJA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Belarus
RGDPESBYA666NRUG
Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Nepal (RGDPESNPA666NRUG), retrieved from FRED.