Constant GDP per capita for St. Kitts and Nevis
NYGDPPCAPKDKNA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,126.88
Year-over-Year Change
24.51%
Date Range
1/1/1977 - 1/1/2024
Summary
The 'Constant GDP per capita for St. Kitts and Nevis' trend measures the gross domestic product per person in the Caribbean island nation, adjusted for inflation to provide a real, comparable metric over time.
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 tracks the purchasing power and standard of living in St. Kitts and Nevis by dividing the country's total GDP by its population. It is a key measure used by economists and policymakers to assess economic development and compare prosperity across countries.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and analysts use this trend to inform economic and social policies in St. Kitts and Nevis and make international comparisons.
Key Facts
- St. Kitts and Nevis is a Caribbean island nation.
- GDP per capita is a key measure of economic prosperity.
- Constant GDP accounts for inflation to show real growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product per person in St. Kitts and Nevis, adjusted for inflation to provide a real, comparable metric over time.
Q: Why is this trend relevant for users or analysts?
A: This indicator is used by economists and policymakers to assess economic development and compare prosperity across 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: Policymakers and analysts use this trend to inform economic and social policies in St. Kitts and Nevis and make international comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank.
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Citation
U.S. Federal Reserve, Constant GDP per capita for St. Kitts and Nevis (NYGDPPCAPKDKNA), retrieved from FRED.