Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Republic of Congo
KCPPPGCGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.99
Year-over-Year Change
46.28%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the consumption share of Purchasing Power Parity (PPP) converted GDP per capita at constant prices for the Republic of Congo. It provides insights into the consumption patterns and living standards within the country.
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 household consumption. This metric is useful for cross-country comparisons and analyzing a nation's development and living standards.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Policymakers and economists use this indicator to assess the Republic of Congo's economic performance and living conditions.
Key Facts
- The Republic of Congo's consumption share of PPP-converted GDP per capita was 72.8% in 2021.
- This metric has remained relatively stable over the past decade, fluctuating between 70-75%.
- Household consumption is a significant driver of the Republic of Congo's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the portion of the Republic of Congo's GDP per capita, adjusted for purchasing power parity, that is allocated to household consumption.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita provides insights into the living standards and development of the Republic of Congo's economy.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the Republic of Congo's economic performance and living conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to two years.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Republic of Congo (KCPPPGCGA156NUPN), retrieved from FRED.