Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Kazakhstan
PGD2USKZA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.72
Year-over-Year Change
203.79%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures Kazakhstan's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States. It provides insights into the comparative living standards and economic productivity between the two 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
The PPP-adjusted GDP per capita metric accounts for price level differences between countries, allowing for more accurate comparisons of economic well-being. This trend is widely used by economists, policymakers, and international organizations to assess relative development levels and living standards.
Methodology
The data is calculated using the GEKS-CPDW method, a multilateral PPP index approach.
Historical Context
This trend is relevant for evaluating trade relationships, competitiveness, and economic convergence between Kazakhstan and the United States.
Key Facts
- Kazakhstan's PPP-adjusted GDP per capita is around 25% of the U.S. level.
- This trend has shown steady improvement over the past two decades.
- Relative GDP per capita is a key metric for assessing economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures Kazakhstan's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the comparative living standards and economic productivity between Kazakhstan and the United States, which is useful for evaluating trade relationships, competitiveness, and economic convergence.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, a multilateral PPP index approach.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess relative development levels and living standards between countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the underlying sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Kazakhstan (PGD2USKZA621NUPN), retrieved from FRED.