Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Turkmenistan
PPCGDPTMA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,618.89
Year-over-Year Change
186.88%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Turkmenistan, using the Geary-Khamis (G-K) method at current prices. It provides a standardized measure of economic output and living standards across countries.
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 metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic well-being. The G-K method is a widely-used approach for calculating PPP rates. This data series is a key indicator for analyzing Turkmenistan's economic development and living standards relative to other nations.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
Policymakers and economists use this metric to evaluate Turkmenistan's economic performance and living standards in a global context.
Key Facts
- Turkmenistan's PPP-adjusted GDP per capita was $18,305 in 2021.
- This places Turkmenistan in the upper-middle income group globally.
- GDP per capita in Turkmenistan has grown by over 60% since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity (PPP) converted GDP per capita for Turkmenistan, using the Geary-Khamis (G-K) method at current prices. It provides a standardized measure of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric is a key indicator for evaluating Turkmenistan's economic development and living standards in a global context. It allows for more accurate cross-country comparisons than using nominal exchange rates.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze Turkmenistan's economic performance and living standards relative to other nations, informing policy decisions.
Q: Are there update delays or limitations?
A: There can be a 1-2 year lag in the availability of this data, as it relies on comprehensive national accounts and price survey information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Turkmenistan (PPCGDPTMA620NUPN), retrieved from FRED.