Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Turkmenistan
RGDPCHTMA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,635.40
Year-over-Year Change
116.32%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Turkmenistan. It provides insights into the country's economic output and living standards relative to other nations.
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 across countries, allowing for more accurate comparisons of living standards and economic activity. This data series is a valuable tool for economists and policymakers analyzing Turkmenistan's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using a range of price and national accounts statistics.
Historical Context
This trend is widely used to assess Turkmenistan's economic performance and living standards in a global context.
Key Facts
- Turkmenistan's PPP-adjusted GDP per capita was $18,206 in 2021.
- The country's GDP per capita has grown by over 50% since 2010.
- Turkmenistan ranks 95th globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Turkmenistan. It provides a more accurate comparison of living standards and economic activity than nominal GDP per capita.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for economists and policymakers to assess Turkmenistan's economic performance and living standards in a global context. It allows for more meaningful comparisons between countries by accounting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a range of price and national accounts statistics.
Q: How is this trend used in economic policy?
A: This PPP-adjusted GDP per capita trend is widely used by markets, economists, and institutions to evaluate Turkmenistan's economic development, competitiveness, and living standards relative to other nations.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions in Turkmenistan.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Turkmenistan (RGDPCHTMA625NUPN), retrieved from FRED.