Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Kazakhstan
PLGDPOKZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
-18.14%
Date Range
1/1/1990 - 1/1/2019
Summary
This trend measures the price level of real GDP in Kazakhstan, adjusted for differences in purchasing power across countries. It provides insights into the relative cost of goods and services in Kazakhstan compared to other economies.
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 price level of output-side real GDP at current purchasing power parities (PPPs) is an indicator of a country's relative price level. It compares the cost of a standardized basket of goods and services in Kazakhstan to the global average, using exchange rates to account for currency differences.
Methodology
The data is calculated by the World Bank using a range of price and expenditure information.
Historical Context
This metric is used by policymakers and analysts to assess Kazakhstan's economic competitiveness and living standards relative to other nations.
Key Facts
- Kazakhstan's price level was 49.4% of the global average in 2021.
- The price level has risen steadily from 40.7% in 2005.
- Kazakhstan's price level is lower than Russia's, which was 59.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of real GDP in Kazakhstan, adjusted for differences in purchasing power across countries. It provides insights into the relative cost of goods and services in Kazakhstan compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by policymakers and analysts to assess Kazakhstan's economic competitiveness and living standards relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a range of price and expenditure information.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess Kazakhstan's economic competitiveness and living standards relative to other nations.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, so it may not reflect the most recent economic conditions in Kazakhstan.
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Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Kazakhstan (PLGDPOKZA670NRUG), retrieved from FRED.