Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Armenia
KCPPPGAMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.44
Year-over-Year Change
-12.36%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures the consumption share of purchasing power parity (PPP) converted GDP per capita for Armenia at constant prices. It provides insights into the consumption patterns and living standards within the Armenian economy.
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 Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Armenia represents the proportion of total economic output that is devoted to household consumption. This metric is useful for cross-country comparisons and understanding the drivers of economic growth and development.
Methodology
The data is calculated by the World Bank using household survey and national accounts data.
Historical Context
Policymakers and analysts use this trend to evaluate the standard of living and assess the effectiveness of economic policies in Armenia.
Key Facts
- Armenia's consumption share of PPP-converted GDP per capita was 82.4% in 2021.
- This trend has remained relatively stable over the past decade.
- Consumption is a key driver of economic growth in Armenia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Armenia's total economic output that is devoted to household consumption, using purchasing power parity (PPP) conversion to adjust for price differences.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the living standards and consumption patterns within the Armenian economy, which is useful for policymakers and economists analyzing economic development and growth.
Q: How is this data collected or calculated?
A: The World Bank calculates this trend using household survey and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the standard of living and assess the effectiveness of economic policies in Armenia.
Q: Are there update delays or limitations?
A: This data is updated annually by the World Bank, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Armenia (KCPPPGAMA156NUPN), retrieved from FRED.