Real GDP at Constant National Prices for Bhutan
RGDPNABTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,922.64
Year-over-Year Change
93.97%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Bhutan' metric measures the total economic output of Bhutan, adjusted for inflation, providing a key indicator of the nation's economic health and growth trajectory.
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 Bhutan's Gross Domestic Product (GDP) adjusted for changes in prices, allowing economists to analyze real economic growth over time without the distorting effects of inflation. It is a widely-used gauge of a country's standard of living and macroeconomic performance.
Methodology
The data is collected and calculated by the Bhutanese government's National Statistics Bureau.
Historical Context
Policymakers and analysts closely monitor Bhutan's real GDP to inform economic and fiscal policy decisions.
Key Facts
- Bhutan's real GDP grew by 3.8% in 2021.
- Agriculture accounts for 16% of Bhutan's real GDP.
- Bhutan's real GDP per capita was $3,152 in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total output of goods and services produced within Bhutan, adjusted for changes in prices over time. It provides a reliable indicator of the country's economic growth and development.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key macroeconomic indicator used by policymakers, investors, and economists to assess a country's economic performance and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Bhutan's National Statistics Bureau using established national accounting methods.
Q: How is this trend used in economic policy?
A: Bhutan's real GDP figures are closely monitored by the government and central bank to inform fiscal, monetary, and development policies aimed at promoting sustainable economic growth.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Bhutan (RGDPNABTA666NRUG), retrieved from FRED.