Real GDP at Constant National Prices for Bahrain
RGDPNABHA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76,237.62
Year-over-Year Change
51.72%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Bahrain' metric measures the total value of goods and services produced in Bahrain, adjusted for inflation. It is a key indicator of the country's economic growth and development.
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 represents Bahrain's real gross domestic product (GDP) at constant national prices, which allows for comparison of economic activity over time by removing the effects of price changes. Economists and policymakers use this data to assess the overall health and trajectory of Bahrain's economy.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
Trends in Bahrain's real GDP are closely monitored by investors, analysts, and government officials to inform economic and policy decisions.
Key Facts
- Bahrain's real GDP grew by 2.2% in 2021.
- The service sector accounts for over 60% of Bahrain's real GDP.
- Bahrain's real GDP per capita was $23,400 in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of goods and services produced in Bahrain, adjusted for inflation. It provides a gauge of the country's overall economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: Trends in Bahrain's real GDP are closely watched by investors, economists, and policymakers to assess the health and trajectory of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: Bahrain's real GDP data is used by government officials and international institutions to inform economic policies, investment decisions, and assessments of the country's development.
Q: Are there update delays or limitations?
A: The real GDP data for Bahrain is typically published with a lag 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 Bahrain (RGDPNABHA666NRUG), retrieved from FRED.