Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Democratic Republic of the Congo
KCPPPGCDA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.44
Year-over-Year Change
-10.80%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the share of a country's GDP per capita that is devoted to personal consumption expenditures, adjusted for purchasing power parity. It provides insights into a nation's economic development and consumption patterns.
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 GDP per capita, adjusted for purchasing power parity, represents the proportion of a country's economic output that is consumed by households. This metric is useful for cross-country comparisons and analyzing trends in consumer spending over time.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This indicator is widely used by economists and policymakers to assess a country's economic structure and development stage.
Key Facts
- The Democratic Republic of the Congo's consumption share of GDP per capita was 78.1% in 2021.
- This metric has remained relatively stable over the past decade.
- Consumption share is a key indicator of a country's economic development stage.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's GDP per capita that is allocated to personal consumption expenditures, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP per capita is an important metric for understanding a country's economic structure and development stage, as it provides insights into consumer spending patterns.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess a country's economic development and inform policy decisions related to consumer spending, investment, and economic growth.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Democratic Republic of the Congo (KCPPPGCDA156NUPN), retrieved from FRED.