Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Chile
KCPPPGCLA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.33
Year-over-Year Change
10.79%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic indicator measures the consumption share of purchasing power parity-adjusted GDP per capita in Chile, providing insights into the spending patterns and living standards of the Chilean population.
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 (PPP) converted GDP per capita is a metric that reflects the proportion of a country's economic output that is devoted to household consumption. It offers a standardized way to compare consumption levels 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 widely used by policymakers, economists, and international organizations to analyze economic development and living standards in Chile.
Key Facts
- Chile's consumption share of PPP-converted GDP per capita was 62.7% in 2020.
- This indicator has trended upward in Chile over the past two decades.
- Consumption accounts for a larger share of GDP in Chile compared to other major Latin American economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's economic output that is devoted to household consumption, adjusting 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 the living standards and spending patterns of the population, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank 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 economic development, monitor living standards, and inform decisions related to fiscal, monetary, and social policies.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with a slight time lag. There may be some limitations in terms of data availability or comparability across countries.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Chile (KCPPPGCLA156NUPN), retrieved from FRED.