Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Kazakhstan
RGDPLPKZA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,304.92
Year-over-Year Change
182.95%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Kazakhstan, derived from growth rates of consumption, government consumption, and investment.
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-adjusted GDP per capita is a key metric for comparing living standards and economic productivity across countries. It accounts for differences in price levels to provide a more accurate picture of real incomes and purchasing power.
Methodology
The data is calculated by the World Bank using the Laspeyres method to derive PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Kazakhstan's economic development and competitiveness.
Key Facts
- Kazakhstan's PPP-adjusted GDP per capita was $27,280 in 2021.
- This metric has grown by an average of 3.5% annually over the past decade.
- Kazakhstan ranks 57th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Kazakhstan, adjusting for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key metric for comparing living standards and economic productivity across countries, providing a more accurate picture of real incomes and purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method to derive PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Kazakhstan's economic development and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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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 Kazakhstan (RGDPLPKZA625NUPN), retrieved from FRED.