Purchasing Power Parity, Share of World for St. Kitts and Nevis
SKNPPPSH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-0.77%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'Purchasing Power Parity, Share of World for St. Kitts and Nevis' measures the country's relative economic output based on purchasing power parity. This provides insights into the standard of living and global economic influence of St. Kitts and Nevis.
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) compares national economies by adjusting for differences in the cost of living and exchange rates. The PPP share of world metric indicates St. Kitts and Nevis' economic production relative to the global total, offering a more nuanced view than GDP alone.
Methodology
This data is calculated by the World Bank using GDP and exchange rate information.
Historical Context
Policymakers and economists use PPP measures to analyze international competitiveness and make informed decisions.
Key Facts
- St. Kitts and Nevis' PPP share was 0.002% in 2020.
- The country's PPP share has remained relatively stable over the past decade.
- PPP measures are used to compare living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This metric measures St. Kitts and Nevis' economic output based on purchasing power parity, providing insights into the country's standard of living and global economic influence.
Q: Why is this trend relevant for users or analysts?
A: PPP share data offers a more nuanced view of a country's economic performance compared to GDP alone, helping policymakers and economists analyze international competitiveness.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using GDP and exchange rate information.
Q: How is this trend used in economic policy?
A: Policymakers and economists utilize PPP measures to make informed decisions about international competitiveness and economic conditions.
Q: Are there update delays or limitations?
A: This data is updated regularly by the World Bank, though there may be some lag in availability.
Related Trends
General Government Revenue, interest income for St. Vincent and the Grenadines
SVGGGROPI
General Government Gross Debt for St. Kitts and Nevis
SKNGGXWDGGDP
Number of Identified Exporters to Saint Kitts and Nevis from Alaska
AKKNAA475SCEN
Number of Identified Exporters to Saint Kitts and Nevis from Alabama
ALKNAA475SCEN
Inflation, consumer prices for St. Kitts and Nevis
FPCPITOTLZGKNA
Private Credit by Deposit Money Banks to GDP for Saint Kitts and Nevis
DDDI01KNA156NWDB
Citation
U.S. Federal Reserve, Purchasing Power Parity, Share of World for St. Kitts and Nevis (SKNPPPSH), retrieved from FRED.