Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Algeria
KCPPPGDZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.13
Year-over-Year Change
7.77%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the share of a country's purchasing power parity (PPP) converted GDP per capita that is allocated to household consumption at constant prices.
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 PPP-converted GDP per capita is an important indicator of the structure of a country's economy and the standard of living. It provides insights into consumer behavior and the relative importance of household spending.
Methodology
The data is calculated by the World Bank using household consumption and GDP data.
Historical Context
This metric is widely used by economists and policymakers to analyze economic development and guide policy decisions.
Key Facts
- Algeria's consumption share was 58.8% in 2020.
- The metric has declined from a high of 66.2% in 1990.
- Lower consumption shares can signal economic transformation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's purchasing power parity (PPP) converted GDP per capita that is allocated to household consumption at constant prices.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita provides insights into consumer behavior and the structure of a country's economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption and GDP data.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to analyze economic development and guide policy decisions related to consumer spending, investment, and economic transformation.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying household consumption and GDP statistics reported by individual countries.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Algeria (KCPPPGDZA156NUPN), retrieved from FRED.