Real GDP at Constant National Prices for Jordan
RGDPNAJOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107,604.02
Year-over-Year Change
42.65%
Date Range
1/1/1954 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Jordan' series measures the total inflation-adjusted economic output of Jordan. It is a key indicator used by economists and policymakers to assess the overall health and growth of the Jordanian 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
This series represents the real gross domestic product (GDP) of Jordan, adjusted for inflation, which allows for meaningful comparisons over time. Real GDP is a comprehensive metric that captures the total value of all goods and services produced within Jordan's economy.
Methodology
The data is calculated by the World Bank using domestic prices to measure the real volume of economic activity.
Historical Context
Real GDP is widely referenced by analysts, investors, and policymakers to gauge Jordan's macroeconomic performance and guide economic policies.
Key Facts
- Jordan's real GDP was $52.8 billion in 2021.
- Real GDP growth in Jordan averaged 2.4% annually from 2010-2020.
- The services sector accounts for over 60% of Jordan's real GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Real GDP at Constant National Prices for Jordan' series measures the total inflation-adjusted economic output of Jordan, capturing the real volume of goods and services produced in the country.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of a country's overall economic health and growth, making it essential for economists, policymakers, and investors to monitor and analyze.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using domestic prices to measure the real volume of economic activity in Jordan.
Q: How is this trend used in economic policy?
A: Real GDP is widely referenced by analysts, investors, and policymakers to gauge Jordan's macroeconomic performance and guide economic policies aimed at promoting sustainable growth.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Jordan (RGDPNAJOA666NRUG), retrieved from FRED.