Output-side Real GDP at Current Purchasing Power Parities for Saint Kitts and Nevis
CGDPOSKNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,223.57
Year-over-Year Change
46.92%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the output-side real gross domestic product (GDP) of Saint Kitts and Nevis, adjusted for purchasing power parity. It is a key indicator of the overall economic activity and productivity of the country.
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
Output-side real GDP at current purchasing power parities (PPPs) is a measure of the total economic output of a country, adjusted to account for differences in price levels between countries. This allows for more accurate international comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the World Bank using a complex methodology involving national accounts, price surveys, and statistical modeling.
Historical Context
This metric is widely used by economists, policymakers, and investors to assess the economic performance and development of small island nations like Saint Kitts and Nevis.
Key Facts
- Saint Kitts and Nevis is a small island country in the Caribbean.
- Its economy is heavily dependent on tourism and financial services.
- Output-side real GDP is a more accurate measure of economic activity than nominal GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Saint Kitts and Nevis, adjusted for differences in price levels through purchasing power parity (PPP) conversion.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate international comparisons of economic activity and living standards, which is particularly useful for small island nations like Saint Kitts and Nevis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts, price surveys, and statistical modeling.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and investors use this metric to assess the economic performance and development of small island countries like Saint Kitts and Nevis.
Q: Are there update delays or limitations?
A: There may be some delays in data availability due to the complexity of the calculations, and the metric may not fully capture all aspects of the local economy.
Related Trends
Output-side Real GDP at Current Purchasing Power Parities for Comoros
CGDPOSKMA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Montenegro
CGDPOSMEA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for the Plurinational State of Bolivia
CTFPPPBOA669NRUG
Output-side Real GDP at Current Purchasing Power Parities for Congo
CGDPOSCGA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Portugal
CTFPPPPTA669NRUG
Output-side Real GDP at Current Purchasing Power Parities for Italy
CGDPOSITA666NRUG
Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Saint Kitts and Nevis (CGDPOSKNA666NRUG), retrieved from FRED.