Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Canada
KCPPPGCAA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.50
Year-over-Year Change
8.79%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the consumption share of purchasing power parity converted GDP per capita for Canada at constant prices. It provides insights into the spending habits and living standards of Canadian consumers.
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 is an important metric for evaluating the relative strength of a country's economy and the purchasing power of its citizens. It helps economists and policymakers understand consumer behavior and the overall standard of living.
Methodology
The data is calculated by the OECD using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is used by economists, investors, and government agencies to analyze consumer demand and make informed economic policy decisions.
Key Facts
- Canada's consumption share of GDP was 57.3% in 2021.
- Consumption has remained a stable portion of Canada's GDP over the past decade.
- The trend reflects Canada's strong consumer demand and standard of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Canada's GDP that is attributed to personal consumption expenditures, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the spending habits and living standards of Canadian consumers, which is crucial for understanding the overall strength and composition of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and investors use this trend to analyze consumer demand, make informed decisions, and develop effective economic policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the OECD, but there may be some delays in availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Canada (KCPPPGCAA156NUPN), retrieved from FRED.