Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Kenya
PGDPUSKEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.15
Year-over-Year Change
0.70%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) adjusted GDP per capita in Kenya relative to the United States. It provides insights into the comparative living standards 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, G-K method, at current prices for Kenya is an important indicator for cross-country comparisons of economic output and living standards. It adjusts for differences in price levels between countries to better reflect actual purchasing power.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a widely used approach for PPP conversion.
Historical Context
This metric is valuable for policymakers, economists, and investors analyzing the relative economic position and growth potential of different nations.
Key Facts
- Kenya's GDP per capita is around 5% of the U.S. level.
- Kenya's relative GDP per capita has remained stable over the past decade.
- Adjusting for price differences is crucial for accurate cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita in Kenya relative to the United States. It provides insights into the comparative living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for policymakers, economists, and investors analyzing the relative economic position and growth potential of different nations.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely used approach for PPP conversion.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to assess the comparative economic development and living standards between countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the underlying sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Kenya (PGDPUSKEA621NUPN), retrieved from FRED.