Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Kiribati
RGDPCHKIA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,664.67
Year-over-Year Change
0.98%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted gross domestic product per capita for Kiribati, adjusting for cost-of-living differences 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
Purchasing power parity (PPP) is an economic theory and measurement technique used to determine the relative value of different currencies. The PPP-adjusted GDP per capita metric provides a more accurate comparison of living standards across countries than market exchange rates.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and analysts use this metric to evaluate economic development and compare living standards between nations.
Key Facts
- Kiribati is a Pacific Island nation.
- GDP per capita is a measure of economic output per person.
- Purchasing power parity adjusts for cost-of-living differences.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted gross domestic product per capita for Kiribati, taking into account differences in the cost of living between countries.
Q: Why is this trend relevant for users or analysts?
A: Policymakers and economists use this metric to better evaluate and compare the economic development and living standards across different countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Governments and international organizations utilize this PPP-adjusted GDP per capita metric to assess and compare the economic progress and living standards of different nations.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the World Bank's measurement process.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Kiribati (RGDPCHKIA625NUPN), retrieved from FRED.