Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Kiribati
PC2GDPKIA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,340.00
Year-over-Year Change
37.40%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Kiribati, providing a standardized metric for international comparisons of economic output 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 statistic adjusts for differences in price levels across countries, allowing for more accurate assessments of relative economic well-being. This data point is widely used by economists, policymakers, and international organizations to evaluate development and make informed decisions.
Methodology
The data is calculated using the GEKS-CPDW method, a multilateral comparison approach based on national account data.
Historical Context
This metric informs global economic analyses, development strategies, and policies aimed at reducing disparities between nations.
Key Facts
- Kiribati is a small island nation in the central Pacific Ocean.
- GDP per capita is a key indicator of economic development and living standards.
- PPP conversion accounts for differences in price levels across countries.
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 Kiribati, providing a standardized metric for comparing economic output and living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic development and make informed decisions, as it accounts for differences in price levels between countries.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, a multilateral comparison approach based on national account data.
Q: How is this trend used in economic policy?
A: This metric informs global economic analyses, development strategies, and policies aimed at reducing disparities between nations.
Q: Are there update delays or limitations?
A: The data may be subject to occasional update delays, and comparisons should consider potential differences in data collection and methodologies across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Kiribati (PC2GDPKIA620NUPN), retrieved from FRED.