Real GDP at Constant National Prices for Niger
RGDPNANEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,602.60
Year-over-Year Change
100.20%
Date Range
1/1/1960 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Niger measures the total economic output of the country adjusted for inflation. It is a key indicator of the overall health and growth of the Nigerien 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 represents the real gross domestic product (GDP) of Niger, calculated using constant national prices to account for changes in the value of the currency over time. It is a widely-used macroeconomic metric for evaluating the size and performance of a national economy.
Methodology
The data is collected and calculated by the World Bank using established national accounting practices.
Historical Context
Economists and policymakers closely monitor Niger's real GDP to assess the country's economic conditions and guide policy decisions.
Key Facts
- Niger is a landlocked country in West Africa.
- Agriculture is a major component of Niger's economy.
- Real GDP growth in Niger has averaged around 4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Real GDP at Constant National Prices for Niger measures the total value of goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall health and growth of the Nigerien economy, and is closely watched by economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established national accounting practices.
Q: How is this trend used in economic policy?
A: Policymakers in Niger and international institutions use this real GDP data to assess the country's economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the World Bank compiles and publishes this information on a regular schedule.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Niger (RGDPNANEA666NRUG), retrieved from FRED.