Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Kiribati
PGDPUSKIA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-7.46%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Kiribati's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the living standards and economic development of Kiribati compared to the U.S.
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 (PPP) Converted GDP Per Capita Relative to the United States metric compares the economic output and living standards of Kiribati to the U.S. by adjusting for differences in price levels between the two countries. This helps economists and policymakers evaluate Kiribati's economic progress and competitiveness.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which accounts for international price differences.
Historical Context
This trend is widely used by economists, investors, and policymakers to assess Kiribati's economic performance and development.
Key Facts
- Kiribati's GDP per capita is around 8% of the U.S. level.
- Kiribati's economy is heavily dependent on fishing and tourism.
- Kiribati faces significant challenges due to climate change and rising sea levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures Kiribati's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the living standards and economic development of Kiribati compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, investors, and policymakers to assess Kiribati's economic performance and development in relation to the U.S.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which accounts for international price differences.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate Kiribati's economic progress and competitiveness, as well as to inform decisions on economic development and international aid.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the collecting agency.
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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 Kiribati (PGDPUSKIA621NUPN), retrieved from FRED.