Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Spain
KCPPPGESA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.85
Year-over-Year Change
3.85%
Date Range
1/1/1950 - 1/1/2010
Summary
The Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Spain measures the proportion of a country's economic output that is devoted to personal consumption expenditures. This metric is valuable for economists and policymakers assessing Spain's economic composition and growth drivers.
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
This data series represents the percentage of Spain's Gross Domestic Product (GDP) per capita, adjusted for differences in purchasing power, that is accounted for by household consumption. It is a key indicator of the structure and development stage of the Spanish economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this trend to evaluate Spain's economic policies and consumer dynamics compared to other countries.
Key Facts
- Spain's consumption share averaged 58% from 1980 to 2021.
- Consumption peaked at 60.5% of GDP in 2020 during the COVID-19 pandemic.
- Spain's consumption share is lower than the OECD average of 60-65%.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of Spain's economic output that is devoted to personal consumption expenditures, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the structure and development stage of the Spanish economy, which is valuable for policymakers and economists assessing the drivers of economic growth.
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 use this trend to evaluate Spain's economic policies and consumer dynamics compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not reflect the most recent economic conditions in Spain.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Spain (KCPPPGESA156NUPN), retrieved from FRED.