Output-side Real GDP at chained Purchasing Power Parities for Yemen
RGDPOSYEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,828.06
Year-over-Year Change
-38.16%
Date Range
1/1/1989 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Yemen, adjusted for purchasing power parity (PPP). It provides insights into the overall size and productivity of Yemen'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
Output-side real GDP at chained purchasing power parities is a measure of a country's economic output that accounts for differences in the cost of living across countries. It is used to compare the relative size and growth of economies on an internationally comparable basis.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is closely monitored by economists, policymakers, and international organizations to assess Yemen's economic performance and development.
Key Facts
- Yemen's 2021 real GDP was $87.8 billion.
- Yemen's economy contracted by 8.5% in 2020 due to the COVID-19 pandemic.
- Yemen ranks 57th globally in terms of PPP-adjusted GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Yemen, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of Yemen's economic size and growth compared to other countries, which is valuable for economic analysis and policymaking.
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: This trend is closely monitored by economists, policymakers, and international organizations to assess Yemen's economic performance and development.
Q: Are there update delays or limitations?
A: There may be delays in data availability due to the challenging economic and political conditions in Yemen.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Yemen (RGDPOSYEA666NRUG), retrieved from FRED.