Output-side Real GDP at chained Purchasing Power Parities for Uzbekistan
RGDPOSUZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
414,768.47
Year-over-Year Change
125.56%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the output-side real GDP of Uzbekistan adjusted for purchasing power parity (PPP). It provides a standardized measure of economic output that allows for cross-country comparisons.
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 Uzbekistan represents the total inflation-adjusted value of goods and services produced within Uzbekistan's economy. Adjusting for PPP enables analysts to account for differences in cost of living and exchange rates, yielding a more accurate picture of relative 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 economists, policymakers, and international institutions to evaluate Uzbekistan's economic performance and living standards relative to other countries.
Key Facts
- Uzbekistan's GDP per capita on a PPP basis was $7,465 in 2021.
- Uzbekistan's economy has grown rapidly in recent decades, expanding by over 5% annually.
- The PPP adjustment is crucial for assessing living standards, as Uzbekistan's nominal GDP per capita is much lower.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output of goods and services produced within Uzbekistan's economy, adjusted for differences in purchasing power parity to enable cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate representation of Uzbekistan's economic performance and living standards relative to other countries, which is crucial for policymakers, investors, and economic analysts.
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 international institutions to evaluate Uzbekistan's economic progress and living standards in comparison to other countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the World Bank, and may have a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Uzbekistan (RGDPOSUZA666NRUG), retrieved from FRED.