Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Kyrgyzstan
RGDPTEKGA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,264.20
Year-over-Year Change
19.10%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per person employed in Kyrgyzstan. It provides insights into the productivity and living standards of the Kyrgyz workforce.
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 Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Kyrgyzstan is an important measure of economic development and labor market efficiency. It adjusts the country's GDP to account for differences in purchasing power, offering a more accurate comparison of living standards across countries.
Methodology
The data is calculated by the World Bank using a Laspeyres index method to convert GDP from local currency to international dollars based on PPP.
Historical Context
This metric is closely watched by policymakers, international organizations, and investors to gauge Kyrgyzstan's economic performance and competitiveness.
Key Facts
- Kyrgyzstan's GDP per worker was $4,667 in 2021.
- This metric has grown by an average of 2.1% annually over the past decade.
- Kyrgyzstan ranks 110th globally in terms of GDP per worker adjusted for purchasing power.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per person employed in Kyrgyzstan. It provides insights into the productivity and living standards of the Kyrgyz workforce.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, international organizations, and investors to gauge Kyrgyzstan's economic performance and competitiveness relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index method to convert GDP from local currency to international dollars based on purchasing power parity.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess the productivity and living standards of Kyrgyzstan's workforce, which informs decisions on economic development, labor market policies, and international competitiveness.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data due to the time required for collection and analysis by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Kyrgyzstan (RGDPTEKGA629NUPN), retrieved from FRED.