Gross Domestic Product Per Capita for Kiribati
PCAGDPKIA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,288.63
Year-over-Year Change
24.14%
Date Range
1/1/1970 - 1/1/2024
Summary
The Gross Domestic Product Per Capita for Kiribati measures the total economic output of the country divided by its population. This key indicator provides insights into the standard of living and productivity in Kiribati.
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
Gross Domestic Product (GDP) Per Capita represents the total economic output of a country divided by its population. This metric is widely used by economists and policymakers to assess a country's economic development and the relative prosperity of its citizens.
Methodology
The World Bank calculates GDP per capita by dividing a country's total GDP by its mid-year population estimate.
Historical Context
GDP per capita is a critical data point for evaluating the efficacy of economic and social policies in Kiribati.
Key Facts
- Kiribati's GDP per capita was $1,916 in 2021.
- GDP per capita in Kiribati has grown 15% over the past decade.
- Kiribati is classified as a lower-middle-income country by the World Bank.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product Per Capita for Kiribati measures the total economic output of the country divided by its population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's standard of living and economic development, making it essential for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The World Bank calculates GDP per capita by dividing a country's total GDP by its mid-year population estimate.
Q: How is this trend used in economic policy?
A: GDP per capita is a critical data point for evaluating the efficacy of economic and social policies in Kiribati.
Q: Are there update delays or limitations?
A: The GDP per capita data for Kiribati is published annually by the World Bank, with a typical 1-year delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Kiribati (PCAGDPKIA646NWDB), retrieved from FRED.