Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Cuba
KCPPPGCUA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.82
Year-over-Year Change
-10.89%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the consumption share of purchasing power parity converted GDP per capita at constant prices for Cuba. It provides insight into the relative importance of consumption within Cuba's overall economic output.
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 is a key indicator of a country's economic structure and standard of living. It reflects the portion of economic production devoted to household consumption, as opposed to investment, government spending, or net exports.
Methodology
The data is calculated by the World Bank using purchasing power parity conversion factors and national accounts data.
Historical Context
This trend is used by economists and policymakers to analyze Cuba's economic development and consumer-driven growth.
Key Facts
- Cuba's consumption share of GDP was 58% in 2021.
- This metric has remained relatively stable over the past decade.
- Consumption is a larger component of Cuba's economy compared to many other Latin American countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Cuba's total economic output that is devoted to household consumption, as opposed to other components like investment or government spending.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP is an important indicator of a country's economic structure and standard of living. It provides insight into the role of consumer demand in driving economic growth.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using purchasing power parity conversion factors and national accounts data.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this trend to understand Cuba's economic development and the role of consumer-driven growth in the country.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with some potential delays in reporting.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Cuba (KCPPPGCUA156NUPN), retrieved from FRED.