Real GDP at Constant National Prices for Armenia
RGDPNAAMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,260.20
Year-over-Year Change
41.76%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Armenia' measures the total economic output of Armenia adjusted for inflation. It is a key indicator used by economists and policymakers to assess the health and growth of the Armenian 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
This series tracks the real (inflation-adjusted) gross domestic product of Armenia, which represents the total value of all goods and services produced within the country. It is an essential metric for evaluating Armenia's economic performance and development over time.
Methodology
The data is collected and calculated by the World Bank based on national accounts statistics.
Historical Context
Policymakers and analysts use this real GDP trend to inform economic and fiscal policies in Armenia.
Key Facts
- Armenia's real GDP grew by 5.7% in 2021.
- The services sector accounts for over 50% of Armenia's real GDP.
- Armenia's real GDP per capita was $4,923 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output of goods and services produced within Armenia, adjusted for inflation, providing a gauge of the country's overall economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator used by economists, policymakers, and investors to assess the health and performance of the Armenian economy, informing economic policies and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this real GDP trend to monitor Armenia's economic growth, guide fiscal and monetary policies, and evaluate the effectiveness of economic development initiatives.
Q: Are there update delays or limitations?
A: The real GDP data for Armenia is typically published with a delay of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Armenia (RGDPNAAMA666NRUG), retrieved from FRED.