Output-side Real GDP at chained Purchasing Power Parities for Armenia
RGDPOSAMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,582.57
Year-over-Year Change
88.55%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the output-side real gross domestic product (GDP) of Armenia, adjusted for purchasing power parity (PPP). It provides a standardized, internationally comparable measure of the size and growth of Armenia's 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
The output-side real GDP at chained PPPs for Armenia tracks the total inflation-adjusted value of goods and services produced within the country. This metric allows for cross-country comparisons of economic activity and living standards, as it accounts for differences in price levels between nations.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Armenia's macroeconomic performance and development.
Key Facts
- Armenia's output-side real GDP at PPP was $31.9 billion in 2021.
- This metric grew by 5.7% in 2021 after a 7.2% contraction in 2020.
- Armenia's GDP per capita at PPP was $10,724 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total inflation-adjusted value of goods and services produced within Armenia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for meaningful comparisons of Armenia's economic size and growth relative to other countries, providing important context for policymakers and international organizations.
Q: How is this data collected or calculated?
A: The World Bank calculates this measure using national accounts data and price data to adjust for purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Armenia's macroeconomic performance, living standards, and overall economic development in an international context.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data due to the time required for collection and analysis by the World Bank.
Related Trends
Population for Bulgaria
POPTTLBGA148NRUG
Population for Swaziland
POPTTLSZA148NRUG
Index of Human Capital per Person for Slovakia
HCIYISSKA066NRUG
Population for Burundi
POPTTLBIA148NRUG
Output-side Real GDP at chained Purchasing Power Parities for Djibouti
RGDPOSDJA666NRUG
Number of Persons Engaged for Namibia
EMPENGNAA148NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Armenia (RGDPOSAMA666NRUG), retrieved from FRED.