Expenditure-side Real GDP at Current Purchasing Power Parities for Kazakhstan
CGDPESKZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
533,052.19
Year-over-Year Change
120.82%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Kazakhstan, adjusted for purchasing power parity (PPP). It provides a standardized measure of the size and growth of the Kazakhstani 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
The expenditure-side real GDP at current PPPs for Kazakhstan is a key indicator of the country's economic performance and living standards. It allows for cross-country comparisons by adjusting for differences in price levels, providing a more accurate picture of actual output and consumption.
Methodology
The data is collected and calculated by the World Bank using national accounts information and price data.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze Kazakhstan's economic development and competitiveness.
Key Facts
- Kazakhstan's 2021 GDP at PPP was $541 billion.
- GDP per capita at PPP was $28,700 in 2021.
- Kazakhstan's economy grew by 4% in real terms in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Kazakhstan, adjusted for differences in purchasing power parity (PPP) across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of economic output and living standards in Kazakhstan compared to using unadjusted GDP. It is widely used by economists and policymakers to analyze the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information and price data.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to assess Kazakhstan's economic development, living standards, and competitiveness compared to other countries.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the World Bank collects and processes information from national statistical agencies.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Kazakhstan (CGDPESKZA666NRUG), retrieved from FRED.