Output-side Real GDP at chained Purchasing Power Parities for Bahrain
RGDPOSBHA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77,077.61
Year-over-Year Change
71.65%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Bahrain, adjusted for purchasing power parity (PPP). It provides a standardized measure of economic output that allows for international comparisons.
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
Output-side real GDP at chained PPPs is a key indicator of a country's economic performance. It accounts for differences in price levels across countries, enabling more accurate assessments of living standards and productivity.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze and compare economic growth across countries.
Key Facts
- Bahrain's output-side real GDP at chained PPPs was $34.31 billion in 2021.
- This metric has grown at an average annual rate of 2.8% over the past decade.
- Bahrain's GDP per capita at chained PPPs was $19,957 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Bahrain, adjusted for purchasing power parity (PPP). It provides a standardized measure of economic output that allows for international comparisons.
Q: Why is this trend relevant for users or analysts?
A: Output-side real GDP at chained PPPs is a key indicator of a country's economic performance. It accounts for differences in price levels across countries, enabling more accurate assessments of living standards and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to analyze and compare economic growth across countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and PPP information provided by individual countries.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Bahrain (RGDPOSBHA666NRUG), retrieved from FRED.