Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Turkmenistan
PLGDPOTMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
-9.77%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the purchasing power parity (PPP) exchange rate for Turkmenistan's real GDP, which is useful for international comparisons of economic output.
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 provides a standardized measure of a country's economic production that accounts for differences in price levels across nations. It is an important indicator for analyzing and comparing the relative size of economies globally.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
Policymakers and analysts use this metric to evaluate a country's standard of living and economic competitiveness.
Key Facts
- Turkmenistan's 2021 PPP-adjusted GDP was $95 billion.
- The PPP exchange rate for Turkmenistan was 2.24 in 2021.
- PPP-adjusted GDP per capita in Turkmenistan was $17,800 in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity (PPP) exchange rate for Turkmenistan's real GDP, which accounts for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP measure is crucial for accurately comparing the size and standard of living of economies globally, beyond just nominal exchange rates.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts data and price surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP-adjusted GDP measure to evaluate a country's economic competitiveness and living standards relative to other nations.
Q: Are there update delays or limitations?
A: This data is typically published with a 1-2 year lag, and may not fully capture rapid economic changes in Turkmenistan.
Related Trends
Exchange Rate (market+estimated) for Angola
XRNCUSAOA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for United States
PLGDPOUSA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Oman
PLGDPOOMA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Lebanon
PLGDPOLBA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Honduras
PLGDPOHNA670NRUG
Exchange Rate (market+estimated) for Burkina Faso
XRNCUSBFA618NRUG
Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Turkmenistan (PLGDPOTMA670NRUG), retrieved from FRED.