Output-side Real GDP at chained Purchasing Power Parities for Qatar
RGDPOSQAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
323,141.16
Year-over-Year Change
92.21%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the output-side real gross domestic product (GDP) of Qatar, adjusted for purchasing power parity (PPP). It provides insights into the overall size and growth of Qatar's economy relative to other countries.
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 comprehensive indicator of a country's economic production and living standards. It accounts for differences in price levels between countries to enable more accurate international comparisons of real economic output.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is widely used by economists, policymakers, and investors to assess Qatar's macroeconomic performance and competitiveness.
Key Facts
- Qatar has one of the world's highest GDP per capita.
- Oil and gas exports are the backbone of Qatar's economy.
- Qatar's economy has experienced rapid growth in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real economic output of Qatar, adjusted for differences in purchasing power across countries. It provides a more accurate picture of Qatar's economic size and living standards compared to using nominal GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is highly relevant for economists, policymakers, and investors seeking to understand Qatar's macroeconomic performance and competitiveness in a global context.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and price data to adjust for purchasing power differences across countries.
Q: How is this trend used in economic policy?
A: This metric is widely used by institutions like the IMF and World Bank to assess Qatar's economic development, living standards, and competitiveness compared to other countries. Policymakers also use it to inform economic and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year. There may also be limitations in fully accounting for all price differences across countries.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Qatar (RGDPOSQAA666NRUG), retrieved from FRED.