Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for St. Kitts and Nevis
PPCGDPKNA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,037.85
Year-over-Year Change
39.60%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for St. Kitts and Nevis, using the Geary-Khamis (G-K) method at current prices. It provides insights into the country's economic development and living standards relative to other nations.
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 adjusts for differences in price levels across countries, allowing for more accurate comparisons of economic output and living standards. The G-K method is a widely-used approach for calculating PPP that considers a basket of goods and services.
Methodology
The data is collected and calculated by the World Bank using national accounts and price survey information.
Historical Context
This trend is used by economists, policymakers, and international organizations to assess a country's economic performance and living conditions relative to its peers.
Key Facts
- St. Kitts and Nevis is a small island nation in the Caribbean Sea.
- The country's PPP-adjusted GDP per capita was $25,798 in 2021.
- St. Kitts and Nevis has one of the highest GDP per capita in the Caribbean region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for St. Kitts and Nevis, using the Geary-Khamis (G-K) method at current prices. It provides a way to compare the country's economic output and living standards with other nations.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for assessing a country's economic development and living conditions relative to its peers. PPP-adjusted GDP per capita provides a more accurate comparison of living standards across countries than nominal GDP per capita.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations use this trend to evaluate a country's economic performance and living conditions compared to other nations, which can inform policy decisions and international development initiatives.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some potential delays in the release of the most recent figures.
Related Trends
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for St. Lucia
PC2GDPLCA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Sierra Leone
PC2GDPSLA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Laos
PC2GDPLAA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for India
PCDGDPINA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Russia
PC2GDPRUA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Namibia
PCDGDPNAA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for St. Kitts and Nevis (PPCGDPKNA620NUPN), retrieved from FRED.