Output-side Real GDP at chained Purchasing Power Parities for Oman
RGDPOSOMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152,847.92
Year-over-Year Change
21.54%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the output-side real GDP of Oman, adjusted for purchasing power parity. It provides a comprehensive view of Oman's economic production and is a key indicator for economists and policymakers.
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 Purchasing Power Parities for Oman represents the total value of goods and services produced within Oman's economy, adjusted for differences in purchasing power across countries. This metric allows for more accurate cross-country comparisons of economic activity.
Methodology
The data is calculated by the World Bank using a chained Fisher index formula applied to national accounts data.
Historical Context
This trend is widely used by international organizations, economists, and policymakers to analyze Oman's economic performance and competitiveness.
Key Facts
- Oman's output-side real GDP was $193.5 billion in 2021.
- This metric grew by 3.1% in 2021 after contracting in 2020.
- Oman's real GDP per capita based on purchasing power parity was $44,700 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced within Oman's economy, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate assessment of Oman's economic performance and competitiveness compared to other countries, making it a key indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a chained Fisher index formula applied to national accounts data.
Q: How is this trend used in economic policy?
A: This trend is widely used by international organizations, economists, and policymakers to analyze Oman's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Oman (RGDPOSOMA666NRUG), retrieved from FRED.