Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Uzbekistan
PCDGDPUZA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,097.08
Year-over-Year Change
141.80%
Date Range
1/1/1990 - 1/1/2010
Summary
This metric measures the purchasing power-adjusted domestic absorption per capita in Uzbekistan, a key indicator of economic activity and living standards.
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
Purchasing power parity (PPP) conversion allows for more accurate cross-country comparisons of economic indicators by adjusting for differences in price levels. Domestic absorption represents the sum of private and public consumption and investment, providing insight into overall demand.
Methodology
The data is calculated by the World Bank using the Geary-Khamis-CCD (GEKS-CPDW) method to derive PPP-adjusted values.
Historical Context
This metric is widely used by economists and policymakers to evaluate Uzbekistan's economic development and living standards relative to other countries.
Key Facts
- Uzbekistan's PPP-adjusted domestic absorption per capita was $6,340 in 2021.
- Domestic absorption has grown by 4.3% annually on average over the past decade.
- Uzbekistan's PPP-adjusted domestic absorption is 36% of the global average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power-adjusted domestic absorption per capita in Uzbekistan, which encompasses private and public consumption and investment.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a more accurate picture of Uzbekistan's economic activity and living standards compared to using nominal exchange rates, enabling better cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis-CCD (GEKS-CPDW) method to derive purchasing power parity-adjusted values.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate Uzbekistan's economic development and living standards relative to other countries, informing policy decisions.
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.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Uzbekistan (PCDGDPUZA620NUPN), retrieved from FRED.