Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Costa Rica
KCPPPGCRA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.56
Year-over-Year Change
-10.01%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the share of GDP per capita, adjusted for purchasing power parity, that Costa Ricans spend on consumption. It provides insights into the spending patterns and living standards of the Costa Rican 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 an important indicator of economic development and living standards. It represents the proportion of a country's economic output that is dedicated to household consumption, rather than investment or government spending.
Methodology
The data is calculated by the World Bank using GDP and population figures.
Historical Context
This trend is useful for policymakers and analysts to understand consumer behavior and assess the overall health of the Costa Rican economy.
Key Facts
- Costa Rica's consumption share of PPP-adjusted GDP per capita was 72.7% in 2021.
- This trend has remained relatively stable over the past decade, fluctuating between 70-75%.
- Costa Rica's consumption share is higher than the global average of around 60-65%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Costa Rica's GDP per capita, adjusted for purchasing power parity, that is spent on household consumption.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the living standards and spending patterns of the Costa Rican population, which is useful for policymakers and economists in understanding the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and population figures.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess consumer behavior and the overall state of the Costa Rican economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of up to a year or more.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Costa Rica (KCPPPGCRA156NUPN), retrieved from FRED.