Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bulgaria
KCPPPGBGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.83
Year-over-Year Change
11.85%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the consumption share of purchasing power parity (PPP) converted GDP per capita at constant prices for Bulgaria, providing insights into the country's consumption patterns and economic development.
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 proportion of a country's economic output that is dedicated to household consumption. This metric is useful for comparing living standards and consumption behaviors across countries, adjusting for differences in price levels.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is relevant for policymakers and analysts studying the drivers of economic growth and household consumption in Bulgaria.
Key Facts
- Bulgaria's consumption share of PPP-converted GDP per capita was 67.4% in 2021.
- This metric has remained relatively stable in Bulgaria over the past decade.
- Household consumption is a key component of a country's economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's economic output that is dedicated to household consumption, adjusted for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita provides insights into a country's living standards and consumption patterns, which are important for understanding economic development and growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts studying the drivers of economic growth and household consumption in Bulgaria, as it can inform policy decisions related to consumer spending, taxation, and social welfare.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential lags in availability.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bulgaria (KCPPPGBGA156NUPN), retrieved from FRED.