Gross Domestic Product in Current Prices for Kyrgyz Republic
KGZNGDPDUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,382,293,543.80
Year-over-Year Change
136.98%
Date Range
1/1/2000 - 1/1/2025
Summary
The Gross Domestic Product in Current Prices for Kyrgyz Republic measures the total value of all goods and services produced within the country, expressed in U.S. dollars. This key economic indicator is widely used by policymakers and analysts to track the overall health and growth of the Kyrgyz economy.
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
Gross Domestic Product (GDP) is the standard measure of a country's economic output and overall economic performance. The GDP in Current Prices for Kyrgyz Republic represents the market value of all final goods and services produced within the country's borders, regardless of the ownership of the production factors.
Methodology
The data is collected and calculated by the National Statistical Committee of the Kyrgyz Republic.
Historical Context
GDP data is crucial for assessing macroeconomic conditions, guiding fiscal and monetary policies, and evaluating investment opportunities.
Key Facts
- Kyrgyz GDP was $7.8 billion in 2021.
- GDP per capita in Kyrgyzstan was $1,174 in 2021.
- The Kyrgyz economy grew by 3.6% in 2021.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product in Current Prices for Kyrgyz Republic measures the total value of all goods and services produced within the country, expressed in U.S. dollars.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a country's economic health and growth, and is widely used by policymakers, investors, and analysts to assess macroeconomic conditions and guide economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Statistical Committee of the Kyrgyz Republic.
Q: How is this trend used in economic policy?
A: GDP data is used by policymakers, central banks, and international organizations to evaluate a country's economic performance, set fiscal and monetary policies, and make investment decisions.
Q: Are there update delays or limitations?
A: The Kyrgyz GDP data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product in Current Prices for Kyrgyz Republic (KGZNGDPDUSD), retrieved from FRED.