Constant GDP per capita for Iraq
NYGDPPCAPKDIRQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,180.30
Year-over-Year Change
-4.73%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for Iraq measures the total economic output per person in the country, adjusted for inflation. It is a key metric for evaluating Iraq's economic development and living standards.
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
Constant GDP per capita is a widely used economic indicator that provides insights into a country's standard of living and economic productivity. It represents the total economic output divided by the total population, with adjustments made to account for changes in prices over time.
Methodology
The data is calculated by the World Bank using national accounts data and population figures.
Historical Context
Economists and policymakers closely monitor Iraq's constant GDP per capita to assess the country's economic progress and make informed policy decisions.
Key Facts
- Iraq's constant GDP per capita was $7,070 in 2021.
- Iraq's constant GDP per capita has grown by 18% over the past decade.
- Constant GDP per capita is a key measure of a country's economic well-being.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Iraq measures the total economic output per person in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a widely used metric for evaluating a country's standard of living and economic productivity, making it important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor Iraq's constant GDP per capita to assess the country's economic progress and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with some potential delays in reporting.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Iraq (NYGDPPCAPKDIRQ), retrieved from FRED.