Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for St. Kitts and Nevis
RGDPL2KNA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,828.97
Year-over-Year Change
13.24%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for St. Kitts and Nevis, providing insights into the country's overall economic development and standard of living.
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 PPP-converted GDP per capita metric adjusts for differences in purchasing power across countries, allowing for more accurate cross-country comparisons of economic activity and living standards. This data series is derived from growth rates of domestic absorption, a comprehensive measure of domestic demand.
Methodology
The data is calculated using the Laspeyres method based on national accounts information.
Historical Context
Policymakers and analysts use this metric to evaluate St. Kitts and Nevis' economic progress and competitiveness relative to other nations.
Key Facts
- St. Kitts and Nevis is a small island country in the Caribbean.
- GDP per capita is a key indicator of a country's economic well-being.
- Purchasing power parity adjusts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for St. Kitts and Nevis, providing insights into the country's overall economic development and standard of living.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric allows for more accurate cross-country comparisons of economic activity and living standards, which is valuable for policymakers and analysts evaluating St. Kitts and Nevis' economic progress and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres method based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate St. Kitts and Nevis' economic progress and competitiveness relative to other nations.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of national accounts information for St. Kitts and Nevis.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for St. Kitts and Nevis (RGDPL2KNA625NUPN), retrieved from FRED.