Purchasing Power Parity over GDP for Kazakhstan
PPPTTLKZA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.66
Year-over-Year Change
182.38%
Date Range
1/1/1993 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Kazakhstan measures the country's price level relative to the United States. It is a key economic indicator used to assess a nation's standard of living and international competitiveness.
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
Purchasing power parity (PPP) is an economic theory that measures the relative purchasing power of different currencies over the same basket of goods. The PPP over GDP ratio for Kazakhstan compares its domestic prices to those in the U.S., providing insight into the country's cost of living and trade dynamics.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Policymakers and analysts use this metric to evaluate Kazakhstan's economic development and international trade position.
Key Facts
- Kazakhstan's PPP over GDP ratio was 0.618 in 2020.
- A higher PPP ratio indicates a lower cost of living in Kazakhstan relative to the U.S.
- The PPP metric is used to compare living standards across countries.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Kazakhstan measures the country's price level relative to the United States, providing insight into its cost of living and international competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by policymakers and economists to evaluate Kazakhstan's economic development and trade dynamics compared to the U.S. and other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use the PPP over GDP ratio to assess Kazakhstan's standard of living and international competitiveness, informing economic policies and trade decisions.
Q: Are there update delays or limitations?
A: The PPP data may have update delays due to the time required for price surveys and national accounts compilation.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Kazakhstan (PPPTTLKZA618NUPN), retrieved from FRED.