Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Kiribati
PPCGDPKIA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,189.10
Year-over-Year Change
36.00%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Kiribati, which adjusts for differences in the cost of living between 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 metric provides a more accurate comparison of living standards across nations by accounting for variations in price levels. It is a key indicator used by economists and policymakers to assess a country's economic development and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert GDP to a common currency and adjust for price differences.
Historical Context
This trend is widely used to compare the relative economic performance and living standards of different countries.
Key Facts
- Kiribati is a Pacific island nation
- GDP per capita is a measure of economic output per person
- PPP adjusts GDP to account for cost of living differences
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Kiribati, which adjusts the country's GDP to account for differences in the cost of living compared to other nations.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key indicator used by economists and policymakers to assess a country's economic development and living standards in a more accurate and comparable way across nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert GDP to a common currency and adjust for price differences.
Q: How is this trend used in economic policy?
A: This trend is widely used to compare the relative economic performance and living standards of different countries, which informs economic and development policies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank, which may result in periodic delays or revisions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Kiribati (PPCGDPKIA620NUPN), retrieved from FRED.