Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belgium
KCPPPGBEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.10
Year-over-Year Change
-1.04%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the share of Gross Domestic Product (GDP) in Belgium that is attributed to household consumption, adjusted for purchasing power parity. It is a key metric for understanding patterns of consumer spending and economic growth.
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 tracks the proportion of a country's total economic output that is spent on personal consumption. This provides insight into the drivers of economic growth and the standard of living for households.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this indicator to assess the health of the Belgian economy and consumers' financial well-being.
Key Facts
- Belgium's consumption share of GDP was 52.7% in 2021.
- Consumption as a share of GDP has remained relatively stable in Belgium over the past decade.
- The indicator is adjusted for purchasing power parity to allow for cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of Belgium's Gross Domestic Product (GDP) that is attributed to household consumption, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP is a key metric for understanding patterns of consumer spending and the drivers of economic growth in Belgium.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the health of the Belgian economy and consumers' financial well-being.
Q: Are there update delays or limitations?
A: The data is published with a lag, but provides a reliable, internationally comparable measure of Belgium's consumption patterns.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belgium (KCPPPGBEA156NUPN), retrieved from FRED.