Expenditure-side Real GDP at Chained Purchasing Power Parities for Kazakhstan
RGDPESKZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
533,491.75
Year-over-Year Change
119.96%
Date Range
1/1/1990 - 1/1/2019
Summary
This series measures the expenditure-side real GDP of Kazakhstan adjusted for purchasing power parity. It provides a comprehensive view of the country's economic output and is a key indicator for understanding Kazakhstan's economic performance and development.
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 chained purchasing power parities (PPPs) is a measure of a country's economic output that accounts for differences in price levels across countries. This allows for more accurate comparisons of living standards and productivity between nations.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is widely used by economists, policymakers, and investors to analyze Kazakhstan's economic growth and competitiveness.
Key Facts
- Kazakhstan's 2021 GDP at chained PPPs was $533 billion.
- GDP per capita at chained PPPs was $28,700 in 2021.
- Kazakhstan's economy grew 4.0% in 2021 after a 2.5% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: This series measures the expenditure-side real GDP of Kazakhstan, which provides a comprehensive view of the country's economic output adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Kazakhstan's economic performance and competitiveness, as it allows for more accurate comparisons of living standards and productivity between Kazakhstan and other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and investors to analyze Kazakhstan's economic growth and competitiveness, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Kazakhstan (RGDPESKZA666NRUG), retrieved from FRED.