Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for St. Kitts and Nevis
PC2GDPKNA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,245.81
Year-over-Year Change
40.38%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for St. Kitts and Nevis, which is a key indicator of 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 is a standardized metric that adjusts for differences in prices across countries, allowing for more accurate comparisons of economic output and prosperity. This data series provides insights into the overall productivity and living conditions in St. Kitts and Nevis.
Methodology
The data is calculated using the GEKS-CPDW method, which is a multilateral PPP index.
Historical Context
Policymakers and economists use this trend to evaluate the relative economic performance and development of St. Kitts and Nevis compared to other countries.
Key Facts
- St. Kitts and Nevis is a small island country in the Caribbean.
- GDP per capita is a measure of a country's economic output divided by its population.
- Purchasing power parity adjusts for cost-of-living differences 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 St. Kitts and Nevis, which is an indicator of the country's overall economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a standardized metric for comparing the economic performance and development of St. Kitts and Nevis relative to other countries, which is useful for policymakers, economists, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which is a multilateral purchasing power parity index.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the relative economic performance and development of St. Kitts and Nevis compared to other countries, which can inform economic and social policies.
Q: Are there update delays or limitations?
A: There may be update delays or limitations in the availability of this data, as it relies on complex international comparisons and calculations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for St. Kitts and Nevis (PC2GDPKNA620NUPN), retrieved from FRED.