Output-side Real GDP at Current Purchasing Power Parities for Oman
CGDPOSOMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150,306.30
Year-over-Year Change
23.90%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures Oman's real GDP, adjusted for purchasing power parity. It is a key indicator of the overall size and performance of Oman'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 current purchasing power parities (PPPs) provides a comprehensive measure of economic activity in Oman, adjusting for differences in price levels between Oman and other countries. It is a widely used metric for cross-country economic comparisons.
Methodology
The data is collected and calculated by the World Bank using a standardized methodology across countries.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess Oman's economic growth and development.
Key Facts
- Oman's real GDP at PPP was $193.4 billion in 2021.
- Oman's real GDP at PPP has grown by an average of 2.8% per year over the past decade.
- Oman is classified as a high-income economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures Oman's real gross domestic product (GDP) adjusted for differences in purchasing power parity (PPP) between Oman and other countries.
Q: Why is this trend relevant for users or analysts?
A: Output-side real GDP at PPP is a widely used metric for comparing the overall size and performance of economies across countries, providing a more accurate picture of Oman's economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using a standardized methodology to adjust for differences in price levels between Oman and other countries.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this trend to assess Oman's economic growth, development, and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with some potential delays in the release of the latest figures.
Related Trends
Expenditure-side Real GDP at Current Purchasing Power Parities for Mauritania
CGDPESMRA666NRUG
Capital stock at Current Purchasing Power Parities for Bahamas
CKSPPPBSA666NRUG
Capital stock at Current Purchasing Power Parities for Bosnia and Herzegovina
CKSPPPBAA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Angola
CGDPOSAOA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Zambia
CGDPESZMA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for United States
CGDPOSUSA666NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Oman (CGDPOSOMA666NRUG), retrieved from FRED.