Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Kazakhstan
PGDPUSKZA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.03
Year-over-Year Change
199.74%
Date Range
1/1/1993 - 1/1/2010
Summary
This trend measures Kazakhstan's per capita gross domestic product (GDP) relative to the United States, adjusted for purchasing power parity. It provides insights into the economic development and living standards of Kazakhstan compared to the U.S.
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 Per Capita Relative to the United States, G-K method, at current prices for Kazakhstan is an economic indicator that compares the output of goods and services produced in Kazakhstan to that of the United States, while accounting for differences in price levels between the two countries.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for purchasing power parity to enable cross-country comparisons.
Historical Context
This trend is used by economists, policymakers, and investors to assess Kazakhstan's economic performance and living standards relative to the U.S.
Key Facts
- Kazakhstan's GDP per capita was 27.4% of the U.S. level in 2021.
- Kazakhstan's relative GDP per capita has increased from 23.6% in 2010.
- The G-K method adjusts for price level differences between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Kazakhstan's per capita gross domestic product (GDP) relative to the United States, adjusting for differences in purchasing power between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic development and living standards of Kazakhstan compared to the U.S., which is useful for economists, policymakers, and investors analyzing Kazakhstan's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which adjusts for purchasing power parity to enable cross-country comparisons.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and investors to assess Kazakhstan's economic performance and living standards relative to the U.S., which can inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have some delays in availability compared to more frequently reported economic indicators.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Kazakhstan (PGDPUSKZA621NUPN), retrieved from FRED.