Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Kenya
PGD2USKEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.16
Year-over-Year Change
0.11%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Kenya's gross domestic product (GDP) per capita relative to the United States, adjusted for purchasing power parity. It is a key indicator of a country's economic development and standard of living.
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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares a country's output per person to the U.S. level, accounting for differences in the cost of living between the two economies. It provides insights into comparative productivity and living standards across nations.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert GDP across countries.
Historical Context
Policymakers and analysts use this trend to gauge Kenya's economic progress and competitiveness relative to the world's largest economy.
Key Facts
- Kenya's GDP per capita is about 5% of the U.S. level.
- This trend has increased from 0.045 in 2000 to 0.051 in 2021.
- Relative to other Sub-Saharan African nations, Kenya has a higher GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Kenya's gross domestic product (GDP) per capita relative to the United States, adjusted for differences in purchasing power between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Kenya's economic development and living standards compared to the world's largest economy, which is useful for policymakers and economists analyzing the country's competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert GDP across countries and adjust for purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge Kenya's economic progress and competitiveness relative to the United States, which is the world's largest economy and a key benchmark for international comparisons.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Kenya (PGD2USKEA621NUPN), retrieved from FRED.