Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for St. Kitts and Nevis
PGD2USKNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.15
Year-over-Year Change
-4.48%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted GDP per capita for St. Kitts and Nevis relative to the United States. It provides insights into the comparative living standards and economic development between the two countries.
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 relative to the U.S. is a widely used metric for assessing and comparing the economic well-being of different countries. It accounts for differences in price levels, allowing for more accurate cross-country comparisons than using nominal exchange rates.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GK) method, which applies a multilateral PPP conversion factor.
Historical Context
This trend is valuable for policymakers, economists, and investors analyzing the relative economic performance and convergence between St. Kitts and Nevis and the United States.
Key Facts
- St. Kitts and Nevis' PPP-adjusted GDP per capita is currently 49% of the U.S. level.
- The relative PPP GDP per capita has remained relatively stable over the past decade.
- Comparing PPP GDP per capita provides a more accurate assessment of living standards than using nominal exchange rates.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) adjusted GDP per capita for St. Kitts and Nevis relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of living standards and economic development between countries, as it accounts for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GK) method, a multilateral PPP conversion factor.
Q: How is this trend used in economic policy?
A: This trend is valuable for policymakers, economists, and investors analyzing the relative economic performance and convergence between St. Kitts and Nevis and the United States.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture rapid economic changes in the short term.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Malawi
PGDPUSMWA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Tunisia
PGD2USTNA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Zambia
PGD2USZMA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Djibouti
PGD2USDJA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Mongolia
PGD2USMNA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Switzerland
PGDPUSCHA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for St. Kitts and Nevis (PGD2USKNA621NUPN), retrieved from FRED.