Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Uzbekistan
PGDPUSUZA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.52
Year-over-Year Change
66.75%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita of Uzbekistan relative to the United States. It provides insights into the standard of living and economic development of Uzbekistan 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 PPP-converted GDP per capita ratio compares the output of Uzbekistan and the U.S. on a common basis, adjusting for differences in price levels between the countries. It is a useful metric for evaluating the relative economic well-being of populations.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which accounts for international price variations.
Historical Context
This trend is relevant for policymakers and analysts examining Uzbekistan's economic progress and development.
Key Facts
- Uzbekistan's GDP per capita was 7.3% of the U.S. level in 2021.
- The PPP conversion accounts for differences in the cost of living between countries.
- The G-K method is a widely used approach for international GDP comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita of Uzbekistan relative to the United States. It provides insights into the standard of living and economic development of Uzbekistan compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and analysts examining Uzbekistan's economic progress and development, as it allows for a more meaningful comparison of living standards between the two countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which accounts for international price variations.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate the relative economic well-being and development of Uzbekistan compared to the United States, which can inform economic and social policies.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, and the G-K method can have certain limitations in capturing the nuances of cross-country price and consumption differences.
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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 Uzbekistan (PGDPUSUZA621NUPN), retrieved from FRED.