Real GDP at Constant National Prices for Qatar
RGDPNAQAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
304,382.50
Year-over-Year Change
115.19%
Date Range
1/1/1970 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Qatar measures the total economic output of Qatar adjusted for inflation. It is a key indicator used by economists and policymakers to assess the health and growth of the Qatari 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 (inflation-adjusted) gross domestic product of Qatar, calculated using constant national prices. It is a widely-used metric for tracking a country's economic performance and standard of living over time.
Methodology
The data is collected and calculated by the World Bank using national accounts information.
Historical Context
This trend is closely monitored by economists, investors, and government agencies to inform economic policy and business decisions.
Key Facts
- Qatar has one of the highest GDP per capita in the world.
- The Qatari economy is heavily dependent on oil and gas exports.
- Real GDP growth in Qatar averaged over 10% annually from 2000-2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real (inflation-adjusted) economic output of Qatar, providing a comprehensive indicator of the country's economic performance.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial metric for assessing a country's economic health, growth, and living standards. It is widely used by economists, policymakers, and investors to make informed decisions.
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: Governments, central banks, and international organizations closely monitor real GDP to inform macroeconomic policies, track economic progress, and make informed decisions about fiscal and monetary measures.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, as it relies on comprehensive national accounts information. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Qatar (RGDPNAQAA666NRUG), retrieved from FRED.