Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Azerbaijan
KCPPPGAZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.29
Year-over-Year Change
-32.33%
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 at constant prices for Azerbaijan. It provides insights into the composition and structure of Azerbaijan's 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 PPP-converted GDP per capita represents the portion of a country's economic output that is devoted to personal consumption expenditures. This metric is useful for analyzing patterns in consumer spending and domestic demand within Azerbaijan's economy.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is closely monitored by policymakers and economists to assess Azerbaijan's economic performance and consumer-driven growth.
Key Facts
- Azerbaijan's consumption share of PPP-converted GDP per capita was 52.8% in 2021.
- This metric has fluctuated between 50-55% over the past decade.
- Consumption is a key driver of Azerbaijan's economic growth and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the consumption share of purchasing power parity (PPP) converted GDP per capita at constant prices for Azerbaijan. It represents the portion of the country's economic output devoted to personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure and composition of Azerbaijan's economy, and is closely monitored by policymakers and economists to assess consumer-driven growth and domestic demand.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this consumption share trend to evaluate Azerbaijan's economic performance and consumer spending patterns, which informs policy decisions and assessments of the country's overall economic health.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the reference period and the release of this data by the World Bank.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Azerbaijan (KCPPPGAZA156NUPN), retrieved from FRED.