Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Kiribati
PCDGDPKIA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,827.16
Year-over-Year Change
147.62%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted domestic absorption per capita for Kiribati. It provides insight into the overall economic well-being and consumption patterns of the Kiribati population.
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
The Purchasing Power Parity Converted Domestic Absorption Per Capita metric represents the average GEKS-CPDW (Geary-Khamis-Summers, Consumption-Price-Deflated, Weighted) measure of domestic absorption per person in Kiribati, adjusted for differences in purchasing power across countries. This data point is useful for cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is valuable for policymakers and analysts studying the broader economic landscape and development in Kiribati.
Key Facts
- Kiribati is a small island nation in the central Pacific Ocean.
- Purchasing power parity adjusts for cost-of-living differences across countries.
- Domestic absorption includes consumption, investment, and government spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted domestic absorption per capita for Kiribati, providing insight into the overall economic well-being and consumption patterns of the Kiribati population.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for policymakers and analysts studying the broader economic landscape and development in Kiribati, as it allows for cross-country comparisons of economic activity and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to study the overall economic landscape and development in Kiribati, and to make cross-country comparisons of economic activity and living standards.
Q: Are there update delays or limitations?
A: There may be update delays or limitations in the data due to the challenges of collecting accurate national accounts and price data in small island nations like Kiribati.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Kiribati (PCDGDPKIA620NUPN), retrieved from FRED.