Real GDP at Constant National Prices for Pakistan
RGDPNAPKA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,078,572.63
Year-over-Year Change
57.55%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures Pakistan's real gross domestic product (GDP) at constant national prices, a key indicator of the country's economic growth and development.
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
Real GDP at constant national prices tracks the total value of all goods and services produced in Pakistan, adjusted for inflation. It is a widely used metric for evaluating the performance and trajectory of the Pakistani economy.
Methodology
The data is collected and calculated by the World Bank using national accounts information.
Historical Context
Policymakers and analysts closely monitor this trend to assess Pakistan's macroeconomic health and guide economic policies.
Key Facts
- Pakistan's real GDP grew by 3.9% in 2021.
- The services sector accounts for over 50% of Pakistan's real GDP.
- Real GDP per capita in Pakistan was $1,194 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced in Pakistan, adjusted for inflation, which is a key indicator of the country's economic growth and development.
Q: Why is this trend relevant for users or analysts?
A: Real GDP at constant national prices is a widely used metric for evaluating the performance and trajectory of the Pakistani economy, which is crucial for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess Pakistan's macroeconomic health and guide economic policies, such as fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank, which may result in occasional delays or revisions.
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Citation
World Bank, Real GDP at Constant National Prices for Pakistan (RGDPNAPKA666NRUG), retrieved from FRED.