Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for St. Kitts and Nevis
PCDGDPKNA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,267.92
Year-over-Year Change
52.79%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for St. Kitts and Nevis, providing insights into the country's overall economic performance and living standards.
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 gross domestic product (GDP) per person in St. Kitts and Nevis, adjusted for differences in prices between countries. It is a widely used indicator for cross-country comparisons of economic well-being and living standards.
Methodology
The data is collected and calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert national accounts data into a common currency and adjust for price level differences.
Historical Context
This trend is relevant for economists, policymakers, and investors to assess the relative economic development and purchasing power of St. Kitts and Nevis compared to other countries.
Key Facts
- St. Kitts and Nevis is a small island country in the Caribbean Sea.
- This metric is adjusted for differences in prices between countries.
- The data is collected and calculated by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for St. Kitts and Nevis, providing insights into the country's overall economic performance and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and investors to assess the relative economic development and purchasing power of St. Kitts and Nevis compared to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert national accounts data into a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the economic performance and living standards of St. Kitts and Nevis, which can inform economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or limitations due to the complex methodology used to calculate purchasing power parity adjustments across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for St. Kitts and Nevis (PCDGDPKNA620NUPN), retrieved from FRED.