Expenditure-side Real GDP at Chained Purchasing Power Parities for Yemen
RGDPESYEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50,052.93
Year-over-Year Change
-36.17%
Date Range
1/1/1989 - 1/1/2019
Summary
The Expenditure-side Real GDP at Chained Purchasing Power Parities for Yemen measures the total inflation-adjusted economic output of Yemen based on expenditure data. This metric is crucial for assessing the country's economic performance and comparing it to 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
This indicator represents the total real output of Yemen's economy, adjusted for price changes and differences in purchasing power. It is a comprehensive measure of economic activity that includes consumption, investment, government spending, and net exports.
Methodology
The data is calculated by the World Bank using national accounts and other official sources.
Historical Context
Policymakers and analysts use this metric to evaluate Yemen's economic growth, competitiveness, and living standards relative to other countries.
Key Facts
- Yemen's real GDP in 2021 was $86.4 billion.
- GDP per capita in Yemen was $2,700 in 2021.
- Yemen's economy contracted by 8.5% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total real economic output of Yemen based on expenditure data, including consumption, investment, government spending, and net exports.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Yemen's economic performance and comparing it to other countries. It provides a comprehensive measure of economic activity that is adjusted for price changes and differences in purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and other official sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Yemen's economic growth, competitiveness, and living standards relative to other countries, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data may have update delays due to the challenges in data collection in Yemen, and it may not fully capture the informal economy.
Related Trends
Number of Persons Engaged for India
EMPENGINA148NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Philippines
RGDPESPHA666NRUG
Population for New Zealand
POPTTLNZA148NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Republic of Korea
RGDPESKRA666NRUG
Number of Persons Engaged for Lesotho
EMPENGLSA148NRUG
Population for Kyrgyzstan
POPTTLKGA148NRUG
Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Yemen (RGDPESYEA666NRUG), retrieved from FRED.