Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Kazakhstan
RGDPL2KZA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,297.95
Year-over-Year Change
194.21%
Date Range
1/1/1993 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita in Kazakhstan, derived from growth rates of domestic absorption. It provides insights into the economic well-being and productivity of the Kazakhstani population.
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 international comparisons of economic activity and living standards. This data series is a Laspeyres-type index, which uses fixed base-year weights to track changes over time.
Methodology
The data is calculated based on growth rates of domestic absorption, which includes private consumption, government consumption, and gross capital formation.
Historical Context
This economic indicator is widely used by policymakers, international organizations, and analysts to evaluate and compare the economic performance and development of Kazakhstan.
Key Facts
- Kazakhstan's PPP-converted GDP per capita was $27,193 in 2021.
- This metric has grown by an average of 4.2% annually over the past decade.
- Kazakhstan's GDP per capita is above the global average but lags behind other high-income economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita in Kazakhstan, adjusted for differences in price levels between countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a more accurate comparison of economic activity and living standards across countries than nominal GDP per capita, making it valuable for policymakers, international organizations, and analysts evaluating Kazakhstan's economic performance and development.
Q: How is this data collected or calculated?
A: The data is calculated based on growth rates of domestic absorption, which includes private consumption, government consumption, and gross capital formation.
Q: How is this trend used in economic policy?
A: This economic indicator is widely used by policymakers, international organizations, and analysts to evaluate and compare the economic performance and development of Kazakhstan.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the collecting institution, and may have some inherent limitations in international price comparisons.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Kazakhstan (RGDPL2KZA625NUPN), retrieved from FRED.