Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Kiribati
PGD2USKIA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.32
Year-over-Year Change
-6.51%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures Kiribati's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the relative standard of living and economic development between the two countries.
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 GDP Per Capita Relative to the United States metric compares Kiribati's GDP per capita after adjusting for differences in price levels between the two countries. This allows for more accurate cross-country comparisons of economic output and living standards.
Methodology
The data is calculated using the GEKS-CPDW method, which is a multilateral PPP comparison approach.
Historical Context
This trend is used by economists, policymakers, and international organizations to assess relative economic performance and inform policy decisions.
Key Facts
- Kiribati's GDP per capita is currently 13.1% of the U.S. level.
- The PPP-adjusted metric provides a more accurate comparison than using exchange rates.
- Tracking this trend over time can reveal changes in Kiribati's relative economic development.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Kiribati's GDP per capita relative to the United States, adjusted for differences in purchasing power between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more meaningful cross-country comparisons of living standards and economic performance than using unadjusted exchange rates.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, a multilateral purchasing power parity comparison approach.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to assess relative economic development and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the metric may not capture all nuances of cross-country living standard differences.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Kiribati (PGD2USKIA621NUPN), retrieved from FRED.