Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Czech Republic
KCPPPGCZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.94
Year-over-Year Change
-8.70%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the share of per capita GDP in the Czech Republic that is devoted to personal consumption, adjusting for differences in purchasing power across countries.
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 provides insights into how Czech households allocate their resources between consumption and other uses like investment or government spending.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the health of the Czech economy and consumer sector.
Key Facts
- The consumption share in the Czech Republic was 51.6% in 2021.
- This indicator has increased from 49.4% in 2010.
- Czech consumption share is lower than the OECD average of 59.3%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of per capita GDP in the Czech Republic that is devoted to personal consumption, adjusting for differences in purchasing power 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 economic development and living standards of the Czech Republic, which is important for policymakers and analysts assessing the health of the Czech economy.
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 (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to assess the strength of the Czech consumer sector and overall economic conditions, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term fluctuations in consumption patterns.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Czech Republic (KCPPPGCZA156NUPN), retrieved from FRED.