Output-side Real GDP at Current Purchasing Power Parities for Armenia
CGDPOSAMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,795.69
Year-over-Year Change
91.35%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Armenia, adjusted for purchasing power parity (PPP). It is a key metric for analyzing the size and growth of Armenia'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
The output-side real GDP at current PPPs for Armenia represents the total value of all goods and services produced within the country, adjusted for price differences between Armenia and the global average. This allows for better international comparisons of economic output and living standards.
Methodology
The data is calculated by the World Bank using expenditure-side national accounts and price data.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to assess Armenia's economic performance and development.
Key Facts
- Armenia's real GDP at PPP was $31.8 billion in 2021.
- Armenia's real GDP per capita at PPP was $10,705 in 2021.
- Armenia's real GDP grew by 5.7% in 2021 after a 7.4% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services produced in Armenia, adjusted for differences in purchasing power between Armenia and the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of Armenia's economic size and living standards relative to other countries, which is crucial for policymakers and international institutions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side national accounts and price data.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and international institutions to assess Armenia's economic performance and development.
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 Current Purchasing Power Parities for Armenia (CGDPOSAMA666NRUG), retrieved from FRED.