Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Kyrgyzstan
RGDPLPKGA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,081.14
Year-over-Year Change
30.69%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) converted GDP per capita for Kyrgyzstan, derived from growth rates of consumption, government consumption, and investment. It provides insights into the country's overall economic development and living standards.
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 living standards and economic productivity. This data series is a valuable tool for economists and policymakers to assess Kyrgyzstan's economic progress and benchmark it against other nations.
Methodology
The data is calculated by the World Bank using a Laspeyres-type index formula based on growth rates of key macroeconomic components.
Historical Context
This trend is widely used by international organizations, governments, and analysts to evaluate Kyrgyzstan's economic performance and development policies.
Key Facts
- Kyrgyzstan's PPP-converted GDP per capita was $3,764 in 2021.
- This metric has grown by an average of 2.7% annually over the past decade.
- Kyrgyzstan ranks 143rd globally in terms of PPP-converted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) converted GDP per capita for Kyrgyzstan, which adjusts for differences in price levels to allow for more accurate comparisons of living standards and economic productivity.
Q: Why is this trend relevant for users or analysts?
A: This data is widely used by economists, policymakers, and international organizations to evaluate Kyrgyzstan's economic performance and development, and to benchmark the country's living standards against other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres-type index formula based on growth rates of key macroeconomic components such as consumption, government spending, and investment.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP-converted GDP per capita metric to assess Kyrgyzstan's overall economic development, living standards, and progress relative to other countries, informing economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to occasional revisions and update delays, as it relies on underlying macroeconomic growth rates and purchasing power parity adjustments calculated by international organizations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Kyrgyzstan (RGDPLPKGA625NUPN), retrieved from FRED.