Output-side Real GDP at chained Purchasing Power Parities for Kazakhstan
RGDPOSKZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
525,124.06
Year-over-Year Change
108.81%
Date Range
1/1/1990 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Kazakhstan, adjusted for purchasing power parity (PPP). It provides a comprehensive view of the country's economic output and is a key indicator for economists and policymakers.
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 Output-side Real GDP at chained Purchasing Power Parities for Kazakhstan tracks the total value of goods and services produced in the country, factoring in differences in price levels between Kazakhstan and the United States. This allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is widely used by international organizations, economists, and investors to assess Kazakhstan's economic performance and competitiveness.
Key Facts
- Kazakhstan's real GDP per capita in PPP terms was $27,790 in 2021.
- Kazakhstan's economy grew by 4.9% in 2021 after contracting in 2020.
- Kazakhstan is Central Asia's largest economy and a major producer of oil, gas, and minerals.
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 between Kazakhstan and the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate picture of Kazakhstan's economic activity and living standards compared to other countries, which is crucial for policymakers, investors, and researchers.
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 international organizations, economists, and investors to assess Kazakhstan's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the World Bank.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Kazakhstan (RGDPOSKZA666NRUG), retrieved from FRED.