Expenditure-side Real GDP at Current Purchasing Power Parities for Saint Kitts and Nevis
CGDPESKNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,454.19
Year-over-Year Change
47.98%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the expenditure-side real GDP of Saint Kitts and Nevis, adjusted for purchasing power parity. It provides insight into the overall size and growth of the country's economy.
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
Expenditure-side real GDP at current purchasing power parities (PPPs) is a key indicator of a country's economic performance. It captures the total value of goods and services produced within the nation, adjusted for differences in price levels across countries.
Methodology
The data is collected and calculated by the World Bank using established national accounts methodologies.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to compare economic activity and living standards across countries.
Key Facts
- Saint Kitts and Nevis' 2021 expenditure-side real GDP at current PPPs was $2.4 billion.
- This metric has grown at an average annual rate of 3.2% over the past decade.
- Saint Kitts and Nevis' GDP per capita at current PPPs was $22,400 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced within Saint Kitts and Nevis, adjusted for differences in price levels across countries using purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive view of the size and growth of the Saint Kitts and Nevis economy, enabling comparisons of living standards and economic performance with other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: Policymakers, international organizations, and economists rely on this metric to assess the overall state of the Saint Kitts and Nevis economy and make informed decisions about economic and development policies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Saint Kitts and Nevis (CGDPESKNA666NRUG), retrieved from FRED.