Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Federated States of Micronesia
KCPPPGFMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.01
Year-over-Year Change
-3.59%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the share of GDP per capita that is devoted to consumption in the Federated States of Micronesia, adjusted 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 GDP per capita is an important indicator of economic development and living standards. It provides insights into the spending patterns and consumption behaviors of a population.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to enable cross-country comparisons.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze economic conditions and inform policy decisions.
Key Facts
- Consumption accounts for over 90% of GDP in the Federated States of Micronesia.
- The consumption share has remained relatively stable over the past decade.
- Micronesia's consumption share is higher than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of GDP per capita that is devoted to consumption in the Federated States of Micronesia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP per capita is an important indicator of economic development and living standards, providing insights into the spending patterns and consumption behaviors of a population.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to enable cross-country comparisons.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to analyze economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and limitations of the World Bank's reporting.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Federated States of Micronesia (KCPPPGFMA156NUPN), retrieved from FRED.