Output-side Real GDP at chained Purchasing Power Parities for Islamic Republic of Iran
RGDPOSIRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,097,856.63
Year-over-Year Change
-14.10%
Date Range
1/1/1955 - 1/1/2019
Summary
This economic trend measures the output-side real GDP of Iran adjusted for purchasing power parity. It is a key indicator of the country's economic performance and living standards compared to other nations.
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 purchasing power parity (PPP) is a measure of the total value of goods and services produced in Iran, adjusted for differences in price levels between Iran and a reference economy. This allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this trend to evaluate Iran's economic growth and development relative to global benchmarks.
Key Facts
- Iran's output-side real GDP was $1.63 trillion in 2021.
- Iran's GDP per capita at PPP was $19,302 in 2021.
- Iran's economy grew by 3.4% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in Iran, adjusted for differences in price levels between Iran and a reference economy. It provides a more accurate picture of Iran's economic activity and living standards compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of Iran's economic performance and development. It allows for meaningful comparisons of economic activity and living standards between Iran and other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Iran's economic growth and development relative to global benchmarks, informing policy decisions and economic assessments.
Q: Are there update delays or limitations?
A: The data is subject to typical lags in national accounts reporting, with the most recent year often being 1-2 years prior to the current date.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Islamic Republic of Iran (RGDPOSIRA666NRUG), retrieved from FRED.