Expenditure-side Real GDP at Chained Purchasing Power Parities for Qatar
RGDPESQAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
292,963.53
Year-over-Year Change
86.28%
Date Range
1/1/1970 - 1/1/2019
Summary
This trend measures real gross domestic product (GDP) in Qatar from the expenditure side, adjusted for purchasing power parity. It provides insight into the size and growth of Qatar'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 indicator of a country's economic performance. It represents the total inflation-adjusted value of all goods and services purchased in Qatar, weighted by international price levels to enable 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 used by economists, policymakers, and investors to assess Qatar's economic development and international competitiveness.
Key Facts
- Qatar has the world's highest GDP per capita based on PPP.
- Real GDP growth in Qatar averaged 6.7% from 2000-2019.
- Qatar's economy is heavily dependent on natural gas exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in Qatar, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate picture of Qatar's economic size and growth compared to nominal GDP, enabling better cross-country comparisons.
Q: How is this data collected or calculated?
A: The World Bank calculates this series using household consumption, government spending, investment, and net exports data for Qatar.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Qatar's economic competitiveness and development, informing decisions on trade, investment, and macroeconomic policy.
Q: Are there update delays or limitations?
A: This series is published annually with a lag, so the most recent data may not reflect the current state of Qatar's economy.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Qatar (RGDPESQAA666NRUG), retrieved from FRED.