Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Kenya
PPCGDPKEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,467.75
Year-over-Year Change
47.99%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Kenya is an important economic indicator that measures the standard of living and productivity in the country.
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
This metric adjusts Kenya's GDP per capita for differences in purchasing power across countries, providing a more accurate comparison of economic welfare than using market exchange rates. Economists and policymakers use this data to assess Kenya's economic development relative to other nations.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which compares national price levels and quantities across countries.
Historical Context
This trend is relevant for evaluating Kenya's economic performance and competitiveness on the global stage.
Key Facts
- Kenya's 2021 GDP per capita on a PPP basis was $4,590.
- Kenya's PPP GDP per capita has grown by 58% over the past decade.
- Kenya ranks 142nd globally in terms of PPP GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures Kenya's GDP per capita adjusted for differences in purchasing power across countries, providing a more accurate comparison of economic welfare than using market exchange rates.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers use this data to assess Kenya's economic development and competitiveness relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which compares national price levels and quantities across countries.
Q: How is this trend used in economic policy?
A: This trend is relevant for evaluating Kenya's economic performance and competitiveness on the global stage, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Kenya (PPCGDPKEA620NUPN), retrieved from FRED.