Purchasing Power Parity over GDP for Kiribati
PPPTTLKIA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
-10.10%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Purchasing Power Parity over GDP for Kiribati' metric measures the purchasing power parity (PPP) adjusted real GDP per capita in Kiribati relative to the United States. This provides important insights into the country's standard of living and economic development.
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
Purchasing power parity (PPP) is an economic theory that measures the relative purchasing power of different currencies over the same types of goods and services. The PPP over GDP ratio for Kiribati compares its GDP per capita after adjusting for differences in the cost of living between Kiribati and the United States.
Methodology
The data is calculated by the World Bank using survey data and national accounts information.
Historical Context
This metric is widely used by economists and policymakers to evaluate economic performance and living standards across countries.
Key Facts
- Kiribati's PPP over GDP ratio was 0.31 in 2021.
- This indicates Kiribati's living standards are around 31% of the U.S. level.
- The PPP-adjusted GDP per capita in Kiribati was $3,206 in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Purchasing Power Parity over GDP for Kiribati' metric measures the purchasing power parity (PPP) adjusted real GDP per capita in Kiribati relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Kiribati's standard of living and economic development compared to the U.S., which is useful for economists and policymakers evaluating the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using survey data and national accounts information.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to evaluate economic performance and living standards across countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Kiribati (PPPTTLKIA618NUPN), retrieved from FRED.