Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Kenya
PLGDPOKEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.43
Year-over-Year Change
20.38%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Kenya, adjusted for purchasing power parity (PPP) and exchange rates. It provides insights into the relative cost of goods and services in Kenya compared to global markets.
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 price level of output-side real GDP at current purchasing power parities is an important metric for assessing the standard of living and international competitiveness of a country's economy. It accounts for differences in price levels across countries to enable more accurate comparisons of real economic output.
Methodology
The data is calculated by the World Bank using a complex methodology that considers price surveys, exchange rates, and other factors.
Historical Context
This trend is widely used by economists, policymakers, and investors to evaluate Kenya's economic performance and purchasing power relative to other countries.
Key Facts
- Kenya's price level of real GDP was 23.4% of the U.S. level in 2021.
- This metric has increased by 37% since 2000, indicating rising living standards.
- Kenya's relative price level is lower than many developed economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Kenya, adjusted for purchasing power parity and exchange rates. It reflects the relative cost of goods and services in Kenya compared to global markets.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Kenya's standard of living and international economic competitiveness. It enables more accurate comparisons of real economic output across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a complex methodology that considers price surveys, exchange rates, and other factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to assess Kenya's economic performance and purchasing power relative to other countries, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Kenya (PLGDPOKEA670NRUG), retrieved from FRED.