Expenditure-side Real GDP at Current Purchasing Power Parities for Turkmenistan
CGDPESTMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162,291.92
Year-over-Year Change
178.72%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Turkmenistan, adjusted for purchasing power parity (PPP). It provides a standardized comparison of economic output across countries.
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
Expenditure-side real GDP at current PPPs is a key indicator of a country's economic size and standard of living. It allows for more accurate cross-country comparisons than nominal GDP by accounting for differences in price levels between nations.
Methodology
The data is calculated by the World Bank using expenditure-based national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess Turkmenistan's economic performance and living standards relative to other countries.
Key Facts
- Turkmenistan's 2021 expenditure-side real GDP at current PPPs was $97.4 billion.
- This metric has grown by an average of 5.8% per year over the past decade.
- Turkmenistan ranks 82nd globally in terms of expenditure-side real GDP at current PPPs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Turkmenistan, adjusted for differences in purchasing power parity (PPP) between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of economic output and living standards across countries by accounting for price level differences.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-based national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to assess Turkmenistan's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: There can be a lag of up to two years in the availability of this data due to the time required for collection and calculation.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Turkmenistan (CGDPESTMA666NRUG), retrieved from FRED.