Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Dominica
KCPPPGDMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.18
Year-over-Year Change
15.91%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the share of Dominica's GDP per capita, adjusted for purchasing power parity, that goes towards personal consumption expenditures. It provides insights into the spending patterns and living standards of Dominica's 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 GDP per capita, adjusted for purchasing power parity, represents the proportion of a country's economic output that is dedicated to household consumption. This metric is useful for analyzing consumer behavior, standards of living, and the overall structure of an economy.
Methodology
The data is calculated by the World Bank using household consumption expenditure and GDP statistics.
Historical Context
This trend is relevant for policymakers and analysts assessing the state of Dominica's economy and the well-being of its citizens.
Key Facts
- Dominica's consumption share of GDP per capita was 79.1% in 2021.
- The trend has remained relatively stable over the past decade.
- Consumption accounts for a larger share of GDP in Dominica compared to many other Caribbean nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Dominica's GDP per capita, adjusted for purchasing power parity, that is dedicated to personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the spending patterns and living standards of Dominica's population, which is useful for policymakers and analysts assessing the state of the country's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption expenditure and GDP statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing the structure and performance of Dominica's economy, as well as the well-being of its citizens.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Dominica (KCPPPGDMA156NUPN), retrieved from FRED.