Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Kazakhstan
PPCGDPKZA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,379.58
Year-over-Year Change
340.51%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) Converted GDP Per Capita for Kazakhstan, using the Geary-Khamis (G-K) method at current prices. It provides a standardized metric for comparing economic output and living standards 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
The PPP Converted GDP Per Capita is an important indicator used by economists and policymakers to assess a country's economic development and compare standards of living internationally. It adjusts for differences in price levels between countries to better reflect purchasing power and real income.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert national GDP figures into a common currency.
Historical Context
This metric helps inform cross-country economic analysis, international development policy, and global market comparisons.
Key Facts
- Kazakhstan's 2021 PPP Converted GDP Per Capita was $26,590.
- This metric has increased by over 50% since 2000.
- Kazakhstan ranks 56th globally by PPP GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) Converted GDP Per Capita for Kazakhstan, adjusting the country's GDP to account for differences in domestic price levels.
Q: Why is this trend relevant for users or analysts?
A: The PPP Converted GDP Per Capita is a key metric for comparing living standards and economic output across countries, providing a more accurate reflection of purchasing power and real income levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert national GDP figures into a common currency while accounting for differences in domestic price levels.
Q: How is this trend used in economic policy?
A: This metric informs cross-country economic analysis, international development policy, and global market comparisons by economists, policymakers, and analysts.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, 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, G-K method, at current prices for Kazakhstan (PPCGDPKZA620NUPN), retrieved from FRED.