Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Kenya
RGDPLPKEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,246.30
Year-over-Year Change
12.09%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres) trend provides a standardized measure of economic output and living standards for Kenya, adjusting for differences in purchasing power across 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
This indicator represents Kenya's gross domestic product per capita, converted to international dollars using purchasing power parity rates. It is a valuable metric for cross-country comparisons of economic development and living standards.
Methodology
The data is calculated by the World Bank using a Laspeyres index method based on growth rates of consumption, government consumption, and investment.
Historical Context
Policymakers and analysts use this metric to gauge Kenya's economic performance and living conditions relative to other nations.
Key Facts
- Kenya's GDP per capita was $3,248 in 2021.
- Kenya's GDP per capita has grown by an average of 2.3% annually over the past decade.
- Kenya ranks 142nd globally in GDP per capita on a purchasing power parity basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures Kenya's gross domestic product per capita, adjusted for differences in purchasing power across countries to enable better international comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into Kenya's economic development and living standards relative to other nations, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index method based on growth rates of consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge Kenya's economic performance and living conditions compared to other countries, informing decisions on economic and social policies.
Q: Are there update delays or limitations?
A: The data is subject to occasional delays in reporting and may not fully capture informal economic activity in Kenya.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Kenya (RGDPLPKEA625NUPN), retrieved from FRED.