Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Kenya
RGDPCHKEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,246.76
Year-over-Year Change
12.14%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Kenya measures the economic output per person in Kenya, adjusted for differences in purchasing power 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
This economic indicator provides a standardized measure of living standards across nations by accounting for variations in cost of living. It is a widely used metric for cross-country comparisons of economic development and productivity.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this metric to assess Kenya's economic performance and living standards relative to other countries.
Key Facts
- Kenya's GDP per capita in 2021 was $3,251.
- Kenya's GDP per capita has grown by 37% over the past decade.
- Kenya ranks 143rd globally in GDP per capita at purchasing power parity.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Kenya measures the total economic output of Kenya divided by its population, adjusted for differences in the cost of living between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of living standards and economic development across countries by accounting for variations in prices and purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Kenya's economic performance and living standards relative to other countries, informing policy decisions and development strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Kenya (RGDPCHKEA625NUPN), retrieved from FRED.