Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Kenya
PC2GDPKEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,471.19
Year-over-Year Change
47.13%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Kenya, based on the average of the GEKS-CPDW (Geary-Khamis and Country-Product-Dummy-World) method at current prices.
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 is a key indicator of a country's economic development and living standards, as it accounts for differences in price levels between countries. This metric allows for more accurate international comparisons of income and consumption.
Methodology
The data is calculated by the World Bank using household survey data and national accounts.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to assess and compare economic performance across countries.
Key Facts
- Kenya's PPP-converted GDP per capita was $3,770 in 2021.
- This metric has grown by an average of 2.5% per year over the past decade.
- PPP-adjusted GDP per capita is a better measure of living standards than nominal 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 Kenya, which accounts for differences in price levels between countries to allow for more accurate international comparisons of income and living standards.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a key indicator of a country's economic development and living standards, and is widely used by economists, policymakers, and international institutions to assess and compare economic performance across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey data and national accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international institutions to assess and compare economic performance and living standards across countries, informing policy decisions and international development strategies.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not capture the most recent economic changes, as it relies on household survey data and national accounts reporting.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Kenya (PC2GDPKEA620NUPN), retrieved from FRED.