Expenditure-side Real GDP at Chained Purchasing Power Parities for Pakistan
RGDPESPKA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,036,799.88
Year-over-Year Change
69.69%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real Gross Domestic Product (GDP) of Pakistan from the expenditure side, adjusted for purchasing power parity. It provides insight into the overall size and growth of Pakistan's 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
Expenditure-side real GDP at chained purchasing power parities (PPPs) is a key measure of a country's economic activity and living standards. It accounts for differences in domestic price levels to allow for more accurate cross-country comparisons.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and PPP exchange rates.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze Pakistan's economic performance and development.
Key Facts
- Pakistan's 2021 expenditure-side real GDP was $1.1 trillion.
- This metric has grown at an average annual rate of 4% over the past decade.
- Pakistan's GDP per capita based on this measure was $4,927 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in Pakistan's economy, adjusted for differences in domestic price levels to allow for cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the size, growth, and living standards of Pakistan's economy, which is crucial for economists, policymakers, and international organizations analyzing the country's economic performance and development.
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 exchange rates.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess Pakistan's economic growth, living standards, and competitiveness compared to other countries.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Pakistan (RGDPESPKA666NRUG), retrieved from FRED.