Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Ecuador
KCPPPGECA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.79
Year-over-Year Change
13.71%
Date Range
1/1/1951 - 1/1/2010
Summary
This metric tracks the share of GDP per capita, adjusted for purchasing power parity, that is spent on consumption in Ecuador. It provides insights into the spending patterns and economic well-being of Ecuadorian consumers.
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 converted GDP per capita is an important economic indicator that reflects the proportion of a country's economic output dedicated to household consumption. It offers valuable insights into consumer behavior and standard of living.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the state of the Ecuadorian economy and guide economic policy decisions.
Key Facts
- Ecuador's consumption share of GDP per capita was 66.3% in 2021.
- Consumption share has fluctuated between 63-67% of GDP per capita over the past decade.
- Higher consumption share indicates a greater proportion of economic output is dedicated to household spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Ecuador'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: The consumption share of GDP per capita is a key indicator of consumer spending patterns and economic well-being in Ecuador, which is valuable for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the state of the Ecuadorian economy and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Ecuador (KCPPPGECA156NUPN), retrieved from FRED.