Real GDP at Constant National Prices for Saint Kitts and Nevis
RGDPNAKNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,172.88
Year-over-Year Change
21.25%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Saint Kitts and Nevis, adjusted for inflation. It is a key indicator of the nation's economic growth and development.
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
Real GDP at Constant National Prices for Saint Kitts and Nevis represents the total value of all goods and services produced within the country, after accounting for changes in prices over time. This metric is widely used by economists and policymakers to assess the overall health and performance of the Saint Kitts and Nevis economy.
Methodology
The data is collected and calculated by the World Bank using national accounts information.
Historical Context
Real GDP trends are closely monitored by government agencies, central banks, and international organizations to inform economic policy decisions.
Key Facts
- Saint Kitts and Nevis is a small island nation in the Caribbean.
- The country's economy is heavily dependent on tourism and manufacturing.
- Real GDP growth is a crucial metric for monitoring the nation's economic progress.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Saint Kitts and Nevis, which represents the total value of all goods and services produced within the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of a country's economic growth and development, and is closely monitored by economists, policymakers, and international organizations to assess the overall health of the Saint Kitts and Nevis economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: Real GDP trends are used by government agencies, central banks, and international organizations to inform economic policy decisions, particularly those related to promoting economic growth and development in Saint Kitts and Nevis.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations associated with national accounts data collection and reporting.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Saint Kitts and Nevis (RGDPNAKNA666NRUG), retrieved from FRED.