Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Uzbekistan
RGDPL2UZA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,715.98
Year-over-Year Change
85.27%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Uzbekistan, derived from growth rates of domestic absorption. It provides insights into the country's economic development and living standards relative to other nations.
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
The PPP-converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of living standards and economic performance. This data series uses the Laspeyres method to calculate the PPP conversion factor, which is based on growth rates of domestic absorption.
Methodology
The data is calculated by the World Bank using household consumption, government consumption, and investment growth rates.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess a country's economic progress and competitiveness.
Key Facts
- Uzbekistan's PPP-converted GDP per capita was $7,336 in 2021.
- This metric has grown by an average of 4.5% annually over the past decade.
- Uzbekistan's PPP-converted GDP per capita is about 25% of the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Uzbekistan, which adjusts for differences in price levels to provide a more accurate comparison of living standards and economic performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess a country's economic progress and competitiveness relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption, government consumption, and investment growth rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Uzbekistan's economic development, living standards, and international competitiveness, which can inform policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Uzbekistan (RGDPL2UZA625NUPN), retrieved from FRED.