Real GDP at Constant National Prices for Lebanon
RGDPNALBA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100,609.16
Year-over-Year Change
35.62%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Lebanon' measures the total economic output of Lebanon adjusted for inflation. It is a key indicator of the country's economic health and growth trajectory.
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, inflation-adjusted Gross Domestic Product (GDP) of Lebanon, a crucial measure of the overall size and performance of the Lebanese economy. It is widely used by economists, policymakers, and analysts to assess the nation's economic conditions and development.
Methodology
The data is calculated by the International Monetary Fund using national accounts information.
Historical Context
Real GDP growth is a primary consideration for the Lebanese government in setting economic and fiscal policies.
Key Facts
- Lebanon's real GDP was $55.7 billion in 2021.
- Real GDP growth in Lebanon was -21.4% in 2020 due to the COVID-19 pandemic.
- The Lebanese economy has faced significant challenges in recent years, including financial crises and political instability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real, inflation-adjusted economic output of Lebanon, known as the Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator of a country's economic health and growth, making it highly relevant for economists, policymakers, and analysts assessing the performance of the Lebanese economy.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using national accounts information provided by the Lebanese government.
Q: How is this trend used in economic policy?
A: Real GDP growth is a primary consideration for the Lebanese government in setting economic and fiscal policies, as it reflects the overall size and performance of the national economy.
Q: Are there update delays or limitations?
A: There may be delays in data reporting due to the complex economic and political situation in Lebanon, and the data may not fully capture the informal or unregistered economic activity in the country.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Lebanon (RGDPNALBA666NRUG), retrieved from FRED.